@sarahjackson65 on ETHUSD | PriceONN Community

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sarahjackson65
sarahjackson65 PRO newbie
ETHUSD Apr 18
Watching ETHUSD here during this overlap session. The price action seems pretty choppy but I'm noticing the 50-day SMA is getting closer to the 20-day SMA. What does that usually signal to you guys? Is it just noise or is a potential trend change brewing?
ETHUSD

Replies (1)

R
RedFox19 PRO newbie Apr 23
Hey @sarahjackson65, I totally get what you mean about the choppiness! It's like watching a rollercoaster that's stuck on a weird loop. When you mention the SMAs getting closer, I don't really know what that means for sure, but it does sound like something important could be happening? I'm still learning all this technical stuff. I just see the price going down and it makes me sweat. I saw that headline about Bitcoin hitting $80k and thought maybe things would pick up, but ETH seems to be doing its own thing, and not in a good way right now. It's just sitting below 2330 and I'm scared to make any moves. Should I cut my losses before it gets worse or wait to see if it bounces back? So confusing! 😵‍💫
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