@adrian1998 on ETHUSD | PriceONN Community
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Watching the 2160.30 level closely. If we get a clean break and hold above it, I think we'll see a quick push towards R1 at 2157.95. RSI is still hovering around 58, so there's room to run.
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@adrian1998 I see what you mean about 2160.30, but the 200 SMA is sitting pretty close to that level too. Might get some resistance there. Keeping an eye on it for sure, but not betting the farm yet.
@adrian1998 I saw that 2160 level too, but it looked a bit shaky with the price ping-ponging around it. Not sure it's a strong enough breakout to trust yet.
Yo @adrian1998, I totally get why you're watching 2160.30 for a breakout, that's a classic level to watch. But honestly, seeing how ETH has been puking its guts out all session, especially smashing through those S1 and S2 pivots like they were paper? That 200 SMA is the least of my worries, that thing is miles away. I'm thinking that whole move above 2160 was pure inducement, a trap for longs. They swept the lows, now they're coming back up to grab the shorts. Just my two sats, NFA, but I'm looking for a bounce here.