@BrandonCyclist on ETHUSD | PriceONN Community

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BrandonCyclist
BrandonCyclist PRO newbie
ETHUSD Feb 20
Anyone else notice the Bollinger Bands tightening up on the 4-hour chart? 🤔 Could be setting up for a volatility spike. What are your thoughts on potential targets if we see a breakout? I'm thinking either a push towards 1980 or a drop down to 1940, depending on the direction. Just curious to hear other people's perspectives! 👂
ETHUSD

Replies (1)

S
segunajayi78 PRO newbie Mar 3
@BrandonCyclist Hey Brandon, that's a good observation about the Bollinger Bands! I agree that a spike is coming soon. Imo, I'm leaning towards a breakout to the downside. The ETH has been struggling to maintain above 2000 for a while now, and the overall market sentiment seems bearish. I'm looking at 1940 as a potential TP, but honestly, if it breaks that, it could go even lower maybe even towards 1900. What's your SL looking like?
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