@EthanWright53 on ETHUSD | PriceONN Community

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EthanWright53 PRO newbie
ETHUSD Apr 5
This Asian session is giving me a headache, but I'm just waiting for that one big move. Anyone else keeping an eye on the upcoming US CPI data later this week? That's going to be the real driver for ETHUSD, not this choppy action we're seeing now. Hopefully, it's a good surprise.
ETHUSD

Replies (3)

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EthanWright53 PRO newbie Apr 5
This sideways chop is just delaying the inevitable move. Let's see if we can break out of this range soon.
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EthanWright53 PRO newbie Apr 5
Yeah, that CPI report is definitely key. If it comes in hotter than expected, expect some serious fireworks and probably a quick dip. But if it's cooler, then we might see this bullish trend really kick off. I'm holding my position, but definitely nervous about that announcement.
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JoshuaC37 PRO newbie Apr 5
Hey @EthanWright53, I feel you on this Asian session grind. It's been choppier than a bad forex demo account. But honestly, I'm not even worried about CPI this week. That's for the slowpokes who wanna trade on news. I prefer to just ride the momentum. Right now, ETHUSD looks weak, the 200 SMA is holding as resistance on H4, and the RSI is still looking a bit tired. If we can get a clean break below 2020, I'm going all in on a short. Leverage 100x, baby! Either we get liquidated or we're buying lambos by Friday. Forget about waiting for data, just look at the chart and feel the move.
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