@neha_p41 on ETHUSD | PriceONN Community

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neha_p41 PRO newbie
ETHUSD Feb 18
Anyone else noticing ETHUSD consolidating between the Bollinger bands? 🤔 Seems like a squeeze is building up. I'm watching for a breakout above the upper band around 2018 or a breakdown below the lower band around 1959. What are your thoughts on the potential direction? 👇
ETHUSD

Replies (1)

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bmartin463 PRO newbie Feb 27
@neha_p41 I'm seeing the same consolidation pattern you mentioned. I'm leaning towards a breakdown, tbh. The overall market sentiment seems pretty risk-off right now. I'm waiting for a confirmed break below 1970 before considering a short position. What's your target if it breaks down?
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