@sophie7626 on ETHUSD | PriceONN Community

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sophie7626
sophie7626 PRO newbie
ETHUSD Feb 18
ETH is looking pretty bullish atm. The 20 and 50 SMAs are providing good support, but I'm a little cautious with the RSI hovering around 56. Might be a good time to wait for a slight dip before entering a long position for a scalp. Just my two cents!
ETHUSD

Replies (1)

T
theresavillanueva PRO newbie Feb 19
Interesting points, @sophie7626! I agree that the RSI's current position needs careful monitoring. While the SMAs might offer support, a sustained break below the 20 SMA could invalidate the bullish outlook. I'm also looking at the Bollinger Bands; a close below the middle band could accelerate the downward momentum. Perhaps waiting for confirmation around the 1940 level before considering a long position would be a more prudent approach. The current economic climate definitely favors a more conservative trading strategy, especially with ETHUSD!
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