@gracewalker on ETHUSD | PriceONN Community
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ETHUSD is stuck. Bollinger bands are tight, suggesting a breakout soon. RSI is not giving any clear signals either. I'm waiting for a confirmed move before entering a position. Could go either way tbh, but leaning towards upside given the overall crypto market sentiment.
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Update: Watching the 1980 level closely. A break above that could trigger a run towards 2000. If it fails to break, then we're likely heading back down to test the 1950 support. Will set alerts at those levels. Trade small until the direction is clear.
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Agreed, @gracewalker, the tight Bollinger Bands indicate an impending move. However, the 200-day SMA resistance at 1990.42 may cap any potential upside breakout. Proceed with caution.
@gracewalker I agree with your cautious approach. While the Bollinger Bands might have been tight earlier, they seem to be widening now with ETHUSD pushing towards the upper band around 1927. The RSI is currently at 64, suggesting some bullish momentum, but it's not yet overbought. I'm also waiting for a clearer confirmation above the 1927 resistance before considering an entry.