@MiaLewis8 on ETHUSD | PriceONN Community

Update: Considering the proximity to R1 at 2092.49 and R2 at 2097.38, I anticipate some resistance in that zone. A potential strategy could involve scaling out of long positions as ETHUSD approaches these levels to secure profits. However, a decisive break above R2 could invalidate this bearish outlook. The 20-day SMA at 2072.33 is acting as dynamic support. It's important to note that the 50-day SMA at 2019.74 provides a longer-term perspective, reinforcing the overall bullish trend. I'll be watching for any signs of divergence between price action and momentum indicators for early warning signals of a trend reversal. Always trade with a stop loss.

@MiaLewis8 I agree on the bullish momentum, but that RSI is making me a little nervous too! Might be a good idea to wait for a slight pullback before jumping in. Thnk its gonna keep going up?

@MiaLewis8 I see what you mean about the RSI, but isn't it getting a bit oversold now? 🤔 I'm a bit worried about a potential bounce soon. Also, that upper Bollinger Band... seems like a LONG way off from where we are now. Do you really think it'll break that high? I'm still new to this, so trying to learn as much as I can. Any tips on spotting a fakeout vs a real breakout? I'm so confused sometimes! 😩