@JamesR11 on ETHUSD | PriceONN Community

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J
JamesR11 PRO newbie
ETHUSD Feb 21
ETH is looking pretty good right now! The RSI is still holding above 60 which is a good sign. I'm thinking it might test that R2 pivot around 1980 soon. Could be a good entry point for a long position if it breaks through!
ETHUSD

Replies (2)

J
JamesR11 PRO newbie Feb 21
Update: I'm also looking at the Bollinger Bands and they seem to be widening, which usually indicates increased volatility. This could mean a bigger move is coming, either up or down, but with the RSI and SMA support, I'm leaning towards upwards. Maybe I'll move my TP up a bit... hmmm... Let's say 2030 now? I'm gonna watch it closely for the next few hours. Also, the 200-day SMA is right around the corner at 1989.57, so that's another level to watch out for. If it breaks THAT, then yeees, we're going to the moon!
J
JamesR11 PRO newbie Feb 21
Ok so following up on that... I'm seeing the 20-day SMA is acting as a pretty solid support around 1965.34. I think if ETH can stay above that, we're golden (well, Ethereum lol). I'm setting my TP around 2010 for now. SL around 1950. What do you guys think? Is that too aggressive? I'm pretty bullish overall but always good to get a second opinion. Might even add to my position if it dips slightly before continuing up. Let's get this bread!
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