@ABrown34 on ETHUSD | PriceONN Community

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ABrown34 PRO newbie
ETHUSD Feb 20
ETHUSD is testing the waters around that 1970 level. I'm watching for a potential breakout, but the 200 SMA is still acting as resistance. If it can push through that, we could see a decent run. Otherwise, expect a pullback to the 1950s.
ETHUSD

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ABrown34 PRO newbie Feb 20
Update: ok so it looks like we're consolidating a bit right under the R1 pivot. RSI is still neutral, so no strong signals there. I'm thinking this is a good spot to wait for confirmation before entering a long position. A break above 1972 with volume would be ideal. If it rejects here, I'll look for a short opportunity targeting the 20 SMA around 1955. I'm also backtesting a strategy that uses the MACD crossover on the H4 chart. The results have been promising so far, but still need more data.
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