@miguelbautista97 on ETHUSD | PriceONN Community

@miguelbautista97 wow you closed at 2060? Nice one! I wish I had that kind of patience, I always get nervous and close too early lol. You mentioned the SMA 200... I'm still trying to understand that properly. Is it really that reliable? I saw a YouTube video saying it's like a magnet, price always comes back to it eventually. But I'm scared it will go down more before it comes back up. What do u think?

@ASheikh10 I get the patience thing, it's tough! @miguelbautista97 made a good call though, taking profits is never a bad move. The SMA 200 is a simple but powerful indicator, especially on the D1 chart. Bascially, it's the average price over the last 200 days, so it gives you a sense of the longer-term trend. When price is above the SMA 200, it suggests an uptrend, and below suggests a downtrend. It can also act as support or resistance, like Miguel is expecting around 2016. I use it in combination with other indicators like RSI and MACD to confirm signals.