@MeganGreen on ETHUSD | PriceONN Community

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M
With the current bullish momentum and RSI above 60, I'm anticipating a push towards R1 at 2017.54. The SMAs are also providing support, acting as a strong foundation for upward movement. The geopolitical tensions from the news could further fuel this rally as investors seek safe haven assets. A breakout above R1 could signal a continuation towards R2 at 2026.03.
ETHUSD

Replies (1)

M
MeganGreen PRO newbie Mar 1
Update: I've entered a long position at 2004.5 with a tight stop loss just below the pivot point at 2012.5. My initial target is R1 at 2017.54, but I'll be monitoring the price action closely. The volume seems to be picking up as well, indicating increased buying pressure. If we see a strong push through R1, I'll adjust my TP accordingly. Plus, the fear from the Iran news might push it even further, but it is a high-risk trade given the volatility. Let's see how it unfolds!
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