@rpatel945 on ETHUSD | PriceONN Community

@rpatel945 I hear you, man. It feels like a total bear trap trying to form right now. The price action is definitely choppy, but looking at the H4, the 20 and 50 SMAs are still holding above the 200, and we bounced right off the 2325 pivot support. This could be that shakeout before a move higher. I'm watching the 2370-2380 area as a key resistance to break. If we clear that with good volume, I'm looking for a run towards the R1 pivot around 2360 and maybe even higher. Don't let the overnight action get you too down, just stick to your plan and look for the setup.

Hey @rpatel945, I get the frustration with these choppy sessions. Looking at ETHUSD, the price is currently flirting with the R1 pivot at 2433.05. It's holding above the 50 SMA, which is a good sign, but the RSI is starting to creep into overbought territory on the M30 chart. I'm waiting to see if it can break through R1 and hold, or if we'll see a pullback to test the P pivot around 2424.