@sophieclarke47 on ETHUSD | PriceONN Community
ETHUSD looking kinda indecisive atm 🤔. The 200 SMA is acting like a magnet. I'm leaning bullish if it can break convincingly above that level, but I'm not holding my breath. Could just as easily bounce back down 🤷♀️.
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Update: Just saw a decent bullish engulfing candle on the H4 chart. Might be a sign of things to come 🚀. Keeping my eye on it 👀
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@sophieclarke47 The 200 SMA resistance is valid. A clean break and retest would be a decent entry for a long position. Alternatively, a short from the SMA rejection.