@kevin1365 on ETHUSD | PriceONN Community
Looking at ETHUSD, the price is currently below the 20, 50, and 200 SMAs. This suggests a pretty strong bearish trend. I'm also noticing the Bollinger Bands are quite narrow, which @climberManish mentioned. A breakout is likely, but with the SMAs positioned as they are, I suspect the breakout will be to the downside. I'm going to watch closely how it interacts with the lower Bollinger Band around 1909. A break below that level could trigger further selling pressure. What are your thoughts on potential targets if it breaks down?