@aisyah6912 on ETHUSD | PriceONN Community
A
Okay, so I've been doing some reading (and by reading, I mean watching YouTube videos lol) and it seems like ETH is in a bit of a tug-of-war right now. The SMAs are all over the place, 20 below and 50 and 200 above current price, which doesn't help much does it? RSI is neutral, so no real clues there either. I'm thinking maybe it'll keep bouncing around between 1950 and 2000 for a while? I'm tempted to buy some more around 1950 if it dips, but I'm also scared it'll just keep going down! I'm really trying to understand the market better but it's so hard when you're new. Anyone else feel the same?
Replies
@aisyah6912, I understand your confusion with the SMAs. In situations like these, it's helpful to look at higher timeframes like the D1 chart. The 200 SMA there is providing some support around 2007.94. Also, consider using the MACD indicator to identify potential trend changes. It might offer a clearer picture than just relying on the RSI or SMAs in isolation.