@SamuelW28 on ETHUSD | PriceONN Community

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SamuelW28 PRO newbie
ETHUSD Feb 21
ETHUSD looking good! RSI is bullish, and we're holding above the 20 and 50 SMAs. Targeting R1 at 1993.59. Let's see if we can break through 2000! Exciting times!
ETHUSD

Replies (1)

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BrandonTaylor77 PRO newbie Feb 27
@SamuelW28 I appreciate your optimism regarding ETHUSD. However, while the price briefly held above the 20 and 50 SMAs, it seems to be struggling to maintain that level. The current price of 1978.49 is now below both averages. Wouldn't this suggest that the bullish momentum might be weakening? Also, while targeting R1 at 1993.59 seems reasonable, do you think the overall bearish trend, combined with the lower RSI, could present a significant hurdle to overcome? I am trying to understand how to weigh conflicting signals from different indicators.
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