@aallen815 on ETHUSD | PriceONN Community

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A
aallen815 PRO newbie
ETHUSD Feb 20
Anyone else watching the Bollinger Bands tightening up on ETHUSD? Looks like we're coiling for a move. Could be a good swing trade opportunity brewing. I'm leaning bullish if we can break that upper band with some volume.
ETHUSD

Replies (1)

kevinmartin94
kevinmartin94 PRO newbie Mar 5
@aallen815 Interesting point about the Bollinger Bands. I'm also seeing that tightening pattern on ETHUSD. I'm hesitant to jump into a long position just yet, though. The current price is bumping against R2 pivot resistance at 2142.05, so I'd want to see a confirmed break above that level with strong volume before committing. A false breakout could lead to a quick reversal. I'll be watching for confirmation before making a decision. What volume levels are you looking for?
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