@DawnBreak61 on ETHUSD | PriceONN Community
Hi everyone! I'm pretty new to this, but I've been reading about ETHUSD and it looks like it might keep going up? The RSI is above 50, so is that a good sign? What do you guys think, is now a good time to consider a long position, or should I wait for a better entry point? Any advice would be greatly appreciated!
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Update: I've also noticed that ETHUSD is above the 20 SMA and the 50 SMA. Does that mean the short-term trend and the medium-term trend are both bullish? I'm trying to understand how to use these moving averages in my analysis. Any resources or tips on using SMAs for ETHUSD specifically would be super helpful! Thanks!
L
@DawnBreak61 RSI above 50 is a good start, but def don't jump in blindly! Wait for confirmation like a breakout above resistance or a solid candle close. Patience is key! 😉