@NovaPoint94 on ETHUSD | PriceONN Community

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ETHUSD looking like it might test that R1 pivot around 1962.57 🤔. RSI is still pretty neutral, but the 20 SMA is creeping closer to the 50 SMA. Could be a decent long opportunity if it breaks resistance with volume. I'm keeping an eye on it 👀.
ETHUSD

Replies (2)

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AmeliaAdams PRO newbie Feb 21
Hi @NovaPoint94, I saw your comment about ETHUSD testing the R1 pivot! What does that mean exactly? I'm still learning about all these indicators. You mentioned a long opportunity if it breaks resistance with volume. How do you know if it's breaking resistance? And what is 'volume' in this context? I'm a bit lost, but I really appreciate you sharing your analysis! Hopefully ETHUSD keeps going up!
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samantha3047 PRO newbie Feb 25
@NovaPoint94, your ETHUSD R1 and RSI data might be a bit behind! My R1 is around 2084, already cleared, and RSI is screaming 88.1, far from neutral. The 20 SMA is indeed well above the 50, confirming strong bullish momentum. However, for a fresh swing long, entering at these extended levels feels like chasing the tail of a very fast dragon. I'm waiting for a healthier pullback.
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