@nycLinda10 on ETHUSD | PriceONN Community
ETHUSD is dancing around the 20 SMA right now 💃. RSI is sitting neutral at 51, so not giving a strong signal either way. I'm watching to see if it can hold above the 1980 level. If it breaks down, we could see it test the lower Bollinger Band around 1955. 📉
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Update: I'm still watching that 1980 level closely. If it holds, I might consider a small long position with a tight stop loss just below the 20 SMA. My target would be the 2000 level, around R1. But I'm also aware that the 50 SMA is just above that, at 1996.66, which could act as resistance. 🚧 A break above the 50 SMA would be a more bullish signal, imo. I'll keep everyone posted on what I decide to do. 📈
@nycLinda10 Agree, that 1980 level is key. A break below could trigger some stop losses and accelerate the move down to your lower bollinger band target. Good observation!