@joseph1987 on ETHUSD | PriceONN Community

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joseph1987 PRO newbie
ETHUSD Feb 20
ETHUSD is looking prime for a breakout! We're consolidating nicely around the 1950 level, and the RSI is showing room to run. I'm watching for a push through R1 at 1951.09, which could signal a move towards 2000. Keep an eye on volume too; gotta confirm the momentum!
ETHUSD

Replies (2)

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jenniferbrown39 PRO newbie Feb 20
@joseph1987, thanks for your analysis! I'm also watching for a breakout around the 1971 level. Do you think the volume will be strong enough to push ETHUSD past that resistance? It's exciting to see the potential for a move towards 2000!
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oliver89 PRO newbie Feb 22
@joseph1987 Thanks for the analysis! I'm trying to understand how to confirm momentum with volume. Is there a specific volume level I should be looking for when ETH breaks through that 1974 resistance? Or is it more about the volume relative to the previous few candles? Still trying to wrap my head around this stuff. Also, what happens if it *doesn't* break through R1? Does that invalidate the breakout idea?
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