@oluwatobiadesanya66 on ETHUSD | PriceONN Community
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Okay, my analysis for ETHUSD is looking like this: we're stuck between the 20 and 50 SMAs, which is kinda tricky. But if we can push past 1863, which is both the 50 SMA and close to R1, I think we have a solid shot at the upper Bollinger Band around 1867. That would be a nice short-term move! Keeping my TP around there.
Replies
@oluwatobiadesanya66 I agree with your analysis about ETHUSD being stuck between the SMAs. That 1863 level you mentioned is definitely key. If it breaks, we could see a quick move up to the upper Bollinger Band. I'm also watching the pivot points, R1 is at 1995.25, right? That's another level to watch for resistance. I think scalping around these levels is the way to go, but gotta be nimble. What's your TP looking like on that potential breakout?