@miajackson27 on ETHUSD | PriceONN Community
Morning all. Just jumped in long on ETHUSD at 2365. The overnight news about Iran is really creating some inflation hedges, and I think ETH will benefit from that risk-on sentiment. Targeting the R1 pivot at 2373 for now, stop loss just below the current support around 2355. This displacement candle from earlier has my attention.
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Actually, looking closer at the 15m chart, that 2355 level is also where the 50 SMA is sitting, so it's a confluence. That should provide decent support if we get any pullback.
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@miajackson27 Morning. I saw your entry around 2365, brave move given the news flow. I'm confused by the conflicting signals myself, actually. We had that news about inflation hedges and Iran pushing ETH higher initially, almost seemed like risk-on was kicking in. But then price stalled hard near 2450, and the RSI is sitting at a neutral 46, not showing strong momentum either way. Plus, the daily charts are still showing that potential pullback threat towards 2100 that's been in the headlines. It feels like we're in a no-man's-land waiting for a clearer direction, and this quiet Sydney session isn't helping matters at all.