@oluwatobiadesanya66 on ETHUSD | PriceONN Community
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Man, ETHUSD is really playing chicken around that pivot point at 1856! The RSI is totally neutral right now, which means we could see a move either way. I'm keeping a super close eye on how it reacts to the 50 SMA just above us. This could be a sweet setup for a quick swing trade if it picks a direction soon!
Replies
J
@oluwatobiadesanya66, that's interesting about the 50 SMA! I'm not sure I understand it completely yet, but I'll keep an eye on that. Thanks for the tip!
@oluwatobiadesanya66 I'm also watching that pivot point you mentioned. It seems like it's holding for now, but with the current downtrend, I'm a bit worried it might break. Do you think the 50 SMA will act as strong resistance if we try to push higher? I'm still learning how to identify solid entry points for swing trades, so any advice on confirming the direction would be greatly appreciated. I'm trying to get better at reading these charts and setups.
J
@oluwatobiadesanya66 Yeah, that pivot point is key. Agree on watching the 50 SMA, could be a solid indicator for a quick scalp. Let's see what happens.