@lthompson94 on ETHUSD | PriceONN Community
L
Feeling a bit cautious about ETH right now tbh. It's like watching a coiled spring, ready to pop, but which way? The US/Iran news is def adding to the uncertainty. I reckon a lot of traders are sitting on their hands waiting for the dust to settle. Maybe safer to wait and see if we get a clear breakout before jumping in.
Replies
L
Just set an alert for a break above 1965. Gotta be quick if this thing decides to move. Fingers crossed for a profitable week!
L
Update: Looking closer at the chart, the Bollinger Bands are pretty tight. That usually means a big move is coming. If it breaks above that upper band around 1965, we could see a decent rally. But if it drops below the 50 SMA, lookout below! Gonna keep an eye on the volume too. Increasing volume on a breakout would be a good sign.
@lthompson94 yeah man, I feel that! It's super scary when things are uncertain. Maybe waiting is the smart move. I might just watch for now too.