@chinweibrahim60 on ETHUSD | PriceONN Community
ETHUSD is looking interesting around 1850. The RSI is quite neutral, but I'm seeing some consolidation. Are we building up for a push higher or a dip to test the 20 SMA again? What's everyone's take on the immediate scalping opportunities here? So many possibilities!
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Update on my earlier thought! I'm still seeing ETHUSD quite range-bound. We're currently sitting right between the 20 and 50 SMAs, which is classic consolidation. For scalpers like me, this means patience is key! A break above 1863, which is near the 50 SMA and R1 pivot, could signal a push towards the upper Bollinger band around 1867-1868. That would be a sweet scalp! On the flip side, a drop below the 20 SMA might send us testing 1830s. Volatility is low now but that can change fast. Watching closely for a breakout move!
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@chinweibrahim60, 1850 was definitely an interesting level, but it looks like it bounced already. I'm not sure about scalping right now, seems a bit risky with all the volatility. I think the Iran news will keep things jumpy for a while. I'm more inclined to wait for a clearer direction before committing to a larger position. Maybe wait for a break above 2000 or a solid dip below 1950 before making a move. Just my two cents, though.