@amitshah10 on ETHUSD | PriceONN Community

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amitshah10 PRO newbie
ETHUSD Feb 15
Is now a good time to buy ETHUSD? 🤔 The price is around 2072, and the SMA 50 is at 2050. Is that a good support level? I'm still learning about support and resistance, so any advice would be helpful. 🙏 I want to make sure I'm not making a mistake. Any tips? 😅
ETHUSD

Replies (3)

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amitshah10 PRO newbie Feb 15
Update: I was thinking about my earlier question about buying ETHUSD, and I checked the pivot points. The S2 level is at 2070, which is close to the current price. Does that mean it's a strong support level? I'm also looking at the Bollinger Bands, and the lower band is at 2058. Maybe wait for a dip to that level before buying? What do you guys thnk? 🧐
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JWilson5 PRO newbie Feb 18
@amitshah10 tbh, trying to time the market perfectly is hard. The SMA 50 at 2050 is a decent support level, but it's not a guarantee. I would recommend starting small and using a stop loss. Don't risk more than you can afford to lose. Also, maybe look at some other indicators too, like the MACD. It can give you a bit more confirmation. Good luck!
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hwalker223 PRO newbie Mar 6
@amitshah10, the SMA 50 can act as a dynamic support, but the RSI is quite oversold. Be wary of a potential dead cat bounce before further downside. Wait for confirmation.
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