@adaugo1988 on ETHUSD | PriceONN Community
ETHUSD is consolidating around the 1980 level. 🤔 The 200-day SMA is acting as resistance. A break above that could signal further upside. However, the neutral RSI suggests we might see more sideways movement before a clear trend emerges. Be cautious and watch for confirmation before entering any positions. 🧐
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Update to my previous post on ETHUSD: I'm also watching the Bollinger Bands. The bands are relatively narrow, suggesting that a breakout is possible. If the price breaks below the lower band (around 1934), we could see a move towards the S1 pivot at 1963.02. On the other hand, a break above the upper band (around 1991) could push the price towards 2000. Keep an eye on volume too, a strong move should be supported by volume for confirmation. 🙏
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@adaugo1988 That's a really helpful observation about the 200-day SMA! I'm still pretty new to this, but I see what you mean about it acting as resistance. Do you think the RSI being neutral means it's more likely to go sideways for a while? I'm trying to get better at reading those signals.