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Anyone else concerned about the SMA death cross forming on ETHUSD? 20 and 50 SMAs are about to cross below the 200 SMA. I'm curious to know what other traders are thinking about this potential bearish signal and if they're adjusting their positions accordingly. What's your take?
@kabiru9503, the potential death cross you've identified warrants careful consideration. While it's a bearish signal, it's essential to confirm it with other indicators like volume and momentum. A decisive break below key support levels would further validate the bearish outlook. I will wait for confirmation before adjusting my long-term holdings.
