@EmmanuelV91 on ETHUSD | PriceONN Community
ETHUSD looking pretty solid today. price just pushed past the R1 pivot at 1890.4. if it can hold this level, i'm eyeing R2 at 1897.81 as a potential TP.
SMA 20 and 50 are both below current price so that's a good sign for continued bullish momentum imo. might try a small long here.
SMA 20 and 50 are both below current price so that's a good sign for continued bullish momentum imo. might try a small long here.
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update on my ETHUSD long idea: it's consolidating a bit around 1890 right now. if we see a clear break above 1900, then i think we can easily hit that R2 target at 1897.81, maybe even push towards the upper bollinger band around 1923.49.
my stop loss would be just below the daily pivot at 1886.54 for now. crypto markets can be super volatile so always manage your risk. i'm still bullish as long as it stays above the 20 SMA. will keep an eye on D1 close.
my stop loss would be just below the daily pivot at 1886.54 for now. crypto markets can be super volatile so always manage your risk. i'm still bullish as long as it stays above the 20 SMA. will keep an eye on D1 close.
@EmmanuelV91 Your observation about the SMAs is valid. However, consider the overall downtrend. A long position might be risky given the prevailing bearish sentiment and the RSI currently nearing oversold territory.