@smalhotra938 on ETHUSD | PriceONN Community

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smalhotra938 PRO newbie
ETHUSD Mar 2
Anyone else noticing how ETH is kinda stuck between the 200 and 50 SMAs right now? Seems like a tight range, 1944-1955. I'm wondering if this consolidation means a big move is coming soon. Which way do you guys think it will break, and what might trigger it?
ETHUSD

Replies (2)

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smalhotra938 PRO newbie Mar 2
Just saw a decent green candle breaking above 1950. Volume still a little low. Need to see more confirmation before jumping in. 🤔
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smalhotra938 PRO newbie Mar 2
Update: I'm leaning towards a bullish break, tbh. The 200 SMA has been acting as support lately, and the RSI isn't oversold, so there's room to run. Plus, the Bollinger Bands are tightening, which often precedes a volatility spike. I'm thinking if we see a clear break above 1955 with decent volume, a long position to 1970 might be worth considering. Gotta watch out for that 1969 pivot point as resistance though. What do you guys think about that level?
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