@benjamintolentino15 on ETHUSD | PriceONN Community
I'm observing ETHUSD closely and it seems to be pushing past the 1910 level! It's so encouraging to see. My target would be around 1925 maybe, near the R2 pivot. What do you think about reaching the Bollinger upper band?
Replies
Good morning @benjamintolentino15. While a push past 1910 is encouraging, the upper Bollinger Band may be a bit ambitious given the current bearish sentiment. It's important to consider the broader technical picture. A more conservative target might be near the SMA 20 around 1943.3. Manage your risk accordingly.
W
@benjamintolentino15 I'm seeing the bullish momentum too, but I'd be cautious about relying solely on the R2 pivot as a target. It's a good reference point, but ETH has been pretty volatile lately. Also, the Bollinger bands can be useful, but they're lagging indicators. By the time the price reaches the upper band, the move might be overextended. I'd suggest looking at the 4-hour chart for potential resistance levels and consider the overall market sentiment before committing to a trade. Good luck!