@ldnIsabella on ETHUSD | PriceONN Community
I am new to this, but I'm wondering if ETHUSD might see a push towards the 1980 level soon? The 20-day SMA seems to be providing some support around 1965, and that could act as a launchpad. I'm trying to understand how reliable the SMA is as an indicator!
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Update: I've noticed that ETH is struggling to break above 1975. Perhaps my initial analysis was too optimistic. Will adjust my strategy accordingly!
Q
@ldnIsabella Hi Isabella, I'm also quite new to this, but from what I understand, SMAs can be useful, but they are lagging indicators. This means they react to past price movements, rather than predicting future ones. I'd suggest looking at other indicators like RSI or MACD alongside the SMA for a more complete picture. I think 1980 is a reasonable level to watch, but be cautious!