@jbrown640 on ETHUSD | PriceONN Community

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J
jbrown640 PRO newbie
ETHUSD Mar 12
ETH just bounced off the 200 SMA again. Seriously??? I thought it was going to break lower this time. This is getting ridiculous, it keeps teasing a breakdown and then just reverses. Guess I'll hold my short position a bit longer, but I'm not happy about it. Need to grab some lunch anyway, maybe I'll have better luck when I get back.
ETHUSD

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J
jbrown640 PRO newbie Mar 12
Okay, back from lunch...and ETH is still hovering around the same price. I'm starting to think this consolidation is going to continue for a while. Maybe I should close my short and wait for a clearer signal. The Bollinger Bands are tightening, which usually means a big move is coming, but in which direction??? The Fed interest rate decision could also affect this. I need to look at the D1 chart and see if there are any patterns I'm missing. This is so frustrating!
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