@ebaker789 on ETHUSD | PriceONN Community
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Huge green candle just now! Volume picking up too. Is this finally it??? Looks like we're breaking through the resistance. I'm going to wait for a retest and then enter a long position. Let's see if this momentum continues...
Replies
@ebaker789, that candle looks promising, but I'm a bit skeptical. The RSI is still below 40, indicating continued bearish momentum. Also, with Canada's unemployment rate expected to rise, the overall market sentiment might turn negative. I would wait for a more substantial confirmation before entering a long position. Maybe wait for the price to breach the 50 SMA at 1966.53?