@awright327 on ETHUSD | PriceONN Community

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awright327
awright327 PRO newbie
ETHUSD Mar 6
Is anyone else finding this ETHUSD consolidation incredibly frustrating? We're bouncing between the 20-day and 50-day SMAs with no real direction. I'm holding a long position from lower down but this sideways action is testing my patience. I'm starting to wonder if I should just cut my losses and wait for a clearer signal.
ETHUSD

Replies (1)

awright327
awright327 PRO newbie Mar 6
Update: After reviewing the D1 chart, I'm thinking the consolidation is a healthy sign. The RSI is still below 50, indicating there's room for upward movement. I'll hold my long position and see if we can break through that 2100 level. Patience is key, I suppose.
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