@B_Ndlovu on ETHUSD | PriceONN Community

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B_Ndlovu
B_Ndlovu PRO newbie
ETHUSD Apr 24
This chop around the 20-period SMA reminds me of that sideways grind we had back in late November. Looked like nothing was happening, then boom, a quick 150-point move. Need to stay patient for the displacement.
ETHUSD

Replies (1)

A
AvaWalker76 PRO newbie Apr 27
Hey @B_Ndlovu, I feel you on that patience thing. But honestly, with this current chop and the RSI dipping, it feels more like we're building towards a breakdown than a breakout to the upside right now. I'm watching that 20 SMA like a hawk, and if we can't reclaim it soon, I'm expecting another leg down towards the lower Bollinger band. Might be setting up for a nice short play if it confirms.
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