@znair970 on ETHUSD | PriceONN Community
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ETHUSD looks set to test the 2120 level in the short term. The 50 SMA acted as support earlier today, and RSI is still below overbought conditions, leaving room for further upside. I'm anticipating a breakout above R1 pivot resistance. Keeping a tight stop at 2070 though, just in case.
Replies
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but still, need to be careful with these overnight moves. going to bed now. hopefully wake up to some profit.
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actually, with the crypto industry news about refugees, i think more volume could come in over the next few days. might adjust my TP higher...
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Hey @znair970, I see what you're saying about the upside potential, but this current drop is brutal! 😩 That 2120 level you mentioned is looking more likely than R1 resistance right now. The RSI is really hammered, but sometimes that just means more pain before any real bounce. I'm watching that S2 pivot closely.
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Hey @znair970, I saw your comment about testing 2120. I agree it's looking a bit weak right now, especially after that dip. The 50 SMA is above the price, which isn't a great sign. I'm not sure about the upside potential you mentioned to R1; it seems like we need more strength to get there. Let's see how this next hour plays out.
Hey @znair970, I saw your comment about testing 2120. I agree it's looking a bit weak right now, especially after that dip. The 50 SMA is above the price, which isn't a great sign. I'm not sure about that breakout above R1, feels like a long shot with this current bearish momentum. Might be safer to just watch for now.