@dawnbreak863 on ETHUSD | PriceONN Community
So I'm looking at ETH and trying to figure out a good entry point for a long position. The trend is bullish overall, which is good. Price is around 2049, and the 20 SMA is right there too, almost touching it. I'm wondering if a bounce off the 20 SMA could be a good sign to enter, maybe target R1 at 2070.88 or even R2 at 2080.71?
My concern is the current daily candle being red. Also, the Bollinger middle band is at 2047.87, same as the 20 SMA, so that's interesting. What do y'all think about waiting for it to clear P level at 2064 first? Don't want to jump in too early.
My concern is the current daily candle being red. Also, the Bollinger middle band is at 2047.87, same as the 20 SMA, so that's interesting. What do y'all think about waiting for it to clear P level at 2064 first? Don't want to jump in too early.