@kchopra783 on ETHUSD | PriceONN Community

Adding to my previous comment: Keeping an eye on the RSI. If it gets too overbought, I might take some profits! Need to be cautious, always!

Update: Just saw a slight dip, but it bounced right off the Bollinger Band support. Still bullish imo! Fingers crossed it keeps going up :)

@kchopra783 I think 2100 is definitely within reach, but I'm a bit cautious. The Bollinger Bands are widening, which indicates increased volatility. A breakout above R1 is possible, but I'd want to see strong volume confirmation before entering a long position. Also, keep in mind that the RSI is already approaching overbought territory, so a pullback is likely sooner or later. Maybe look at the D1 chart for a broader perspective on potential resistance levels beyond 2100? Just my two cents!

@kchopra783, I agree that the 50 SMA has been a key support level. However, with the current bearish momentum, a breakdown below that level could trigger a significant sell-off. I would be cautious about anticipating a breakout above R1 without confirming signals from other indicators. Look at the D1 chart.

Hey @kchopra783, I agree that 2100 is a definite possibility! 👍 The 50 SMA has been pretty reliable. I'm a bit cautious though, with all the uncertainty in the market right now after the Iran news. It's making me nervous to hold any positions for too long! I'm thinking of setting a tighter TP near 2050 just in case things turn south quickly. What are your thoughts on the overall risk level at the moment? 🤔 I'm also watching the Bollinger Bands, and we're nearing the upper band, which could act as resistance. Good luck!