@ellacooper10 on ETHUSD | PriceONN Community

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ellacooper10 PRO newbie
ETHUSD Mar 1
Evening all. Looking at ETHUSD tonight, I'm noticing it's kind of stuck between the 20 SMA and the 50 SMA. The 20 is acting as resistance around 1991, and the 50 is providing support near 1940. It's been testing these levels repeatedly today. I think the next move will depend on which one it breaks decisively. I'm leaning towards a short if it breaks below the 50 SMA.
ETHUSD

Replies (1)

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lindarodriguez84 PRO newbie Mar 6
@ellacooper10 Hey Ella, I agree with your analysis. The 20 and 50 SMAs are definitely key levels to watch. I think the overall trend is still slightly bullish, but that range is making it hard to trade right now. I'm also looking at the Bollinger Bands – we're pretty close to the upper band, so a test of that resistance is likely. If it breaks, we could see a push towards 2100. If it rejects, maybe a short scalp back down to the 20 SMA? Just a thought! 🤔
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