@cjimenez768 on ETHUSD | PriceONN Community

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cjimenez768
cjimenez768 PRO newbie
ETHUSD Mar 10
Okay, I'm looking at ETHUSD and I'm seeing something that maybe some of you more experienced traders can give me some insight on. It seems like the 20 SMA is about to cross above the 200 SMA. I've read that's called a golden cross, and it's supposed to be a bullish signal, right? But with all the news about crypto regulations and stuff, I'm a little hesitant to jump in. Has anyone else spotted this? And if so, what are your thoughts on its reliability given the current market conditions? Should I wait for more confirmation before considering a long position? It seems like it might be a good buy though
ETHUSD

Replies (1)

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NadiaA81 PRO newbie Mar 10
@cjimenez768 A golden cross can be a good signal, but don't rely on it alone. Look at other indicators like RSI and volume to confirm the trend. Also, consider the broader market sentiment – news events can easily disrupt technical patterns. Manage your risk carefully!
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