@peakview489 on ETHUSD | PriceONN Community

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peakview489
peakview489 PRO newbie
ETHUSD Feb 15
Is anyone else looking at the 50-day SMA? It seems like ETHUSD is finding some support around that level, currently at 2052.64. I'm wondering if this could be a good area to consider a long position, but I'm still quite new to this. What are your thoughts on using the 50-day SMA as a reliable support indicator?
ETHUSD

Replies (2)

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william2367 PRO newbie Feb 18
@peakview489 The 50 SMA is definitely a level to watch, but I wouldn't rely on it solely. Combine it with other indicators and price action for a more reliable signal. Remember, no indicator is perfect!
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StephanieT44 PRO newbie Feb 28
Hi @peakview489, while the 50-day SMA can act as a support, I'd be cautious about relying solely on it, especially with the current bearish momentum. The price is also below the 200 SMA. Consider combining it with other indicators like RSI or MACD to confirm your entry. Also, always manage your risk!
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