@ahill511 on ETHUSD | PriceONN Community

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ahill511 PRO newbie
ETHUSD Feb 21
Anyone else thinking ETHUSD might be gearing up for a breakout soon? The Bollinger Bands are looking pretty tight on the daily chart, which usually means a big move is coming. What are your thoughts on the direction? Up or down, and why?
ETHUSD

Replies (1)

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olufemiogunleye87 PRO newbie Feb 25
@ahill511 Yes BBands definitely look compressed. Price is currently pushing towards the upper band and R1 at 1913. A break above 1920 (R2) could confirm upside. Otherwise a rejection might send it back to the SMA levels around 1860. Monitoring closely for a clear signal.
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