@dthompson934 on ETHUSD | PriceONN Community
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Just noticed ETHUSD is respecting that 50 SMA pretty well on the hourly chart. Might be a good area to watch for a bounce if you're looking golong. Keep stops tight though, never know with this stuff lol.
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oh and one more thing, the RSI is still above 60 even after this little dip. So it's not exactly oversold yet. Could see it dropping further before any real buying pressure comes in. just fyi.
@dthompson934, I'm also watching that 50 SMA on the hourly. It seems like a decent support level for a short-term bounce. However, with the GDP numbers revised down this morning, I'm a bit hesitant to go long just yet. I'd like to see more confirmation before entering a position. Maybe wait for a retest of the SMA?
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@dthompson934 I agree, that 50 SMA on the H1 is interesting. Good catch on the RSI too – still has room to fall before being oversold. I think the geopolitical situation with the dollar strengthening might put some downward pressure on ETHUSD in the short term though. Could see a test of that 200 SMA on the H4 chart if things get dicey. So yeah, tight stops are def the way to go. I'm personally waiting for a clearer signal before jumping in either direction. Too much uncertainty rn, better to be patient and wait for a confirmed breakout or breakdown.