@MatthewM21 on ETHUSD | PriceONN Community

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MatthewM21
MatthewM21 PRO newbie
ETHUSD Apr 2
I'm watching the 200 SMA on the daily for ETHUSD right now. It's sitting pretty close to the current price. If it breaks below that, does that mean it's going to keep dropping for a while? I'm new to all these moving averages and just trying to understand what it signals.
ETHUSD

Replies (1)

MatthewM21
MatthewM21 PRO newbie Apr 2
Yeah, so if those pivots are calculated from the previous day's data, that makes sense for them to be like reference points. I guess it's just another tool to see if the price might stop or reverse. Still feel like I'm just guessing though, it's hard to trust them without seeing them work out.
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