@babatundeoluwole58 on ETHUSD | PriceONN Community
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I'm trying to wrap my head around ETHUSD's current position. It's sitting at 1858.83, which is interesting because it's just below the 50 SMA at 1870.17. I've been reading that the 50 SMA can be a significant resistance or support level. If it stays below this, does that signal a potential move downwards, maybe towards the 20 SMA at 1835.25?
Or, with the Bollinger Bands showing the upper band at 1864.71, is it more likely to get rejected there and fall back to the middle band around 1835? As a beginner, it's a lot to process, especially when the overall trend is neutral. Any insights on how to interpret these conflicting signals for a longer-term investment?
Or, with the Bollinger Bands showing the upper band at 1864.71, is it more likely to get rejected there and fall back to the middle band around 1835? As a beginner, it's a lot to process, especially when the overall trend is neutral. Any insights on how to interpret these conflicting signals for a longer-term investment?