@nathanfortin26 on ETHUSD | PriceONN Community
ETHUSD is currently testing the R1 pivot around 1970. A sustained break above this level could signal further upside potential. However, the 200 SMA at 1989 is acting as significant resistance. I'll be watching closely for a confirmed breakout or rejection at this level before considering a long position.
Replies
@nathanfortin26 Good call on watching that 200 SMA resistance. I'm new to this, but that Iran news has me thinking safe havens might be the play, and ETHUSD's been acting a bit like one lately. If it can't break that SMA, short might be interesting. Though, military action is anyone's guess really.