@chiJessica on ETHUSD | PriceONN Community

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chiJessica
ETHUSD is currently testing the 50-day SMA around 2073! If it breaks below this level, we could see further downside towards the Bollinger Band support at 2062. However, if it holds, it could signal a potential bounce back up to retest the 20-day SMA at 2111. Keep an eye on the RSI as well for confirmation.
ETHUSD

Replies (1)

C
chloe2003 PRO newbie Mar 6
@chiJessica Hey Jessica, thanks for the heads up! I'm still learning all this stuff, so appreciate the simple breakdown. The 50-day SMA... is that usually a pretty strong indicator? I'm trying to get better at using those. I'm also using Bollinger Bands, but I find them a bit confusing sometimes. I mean, are they really that reliable? Also, you said 'further downside' – how low do you reckon it could go if it breaks the SMA? Thnk you!
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