@angelabrown on ETHUSD | PriceONN Community
A
Watching ETHUSD closely. The break below the 20-day SMA is concerning, and with the RSI below 50, we could see further downside. I'm eyeing the lower Bollinger Band around 1956 as a potential support level, but a sustained break there could open the door to testing the S2 pivot. Keep an eye on news flow; any negative headlines could accelerate the decline.
Replies
A
@angelabrown I concur with your assessment regarding the 20-day SMA breach. The RSI's current position does indeed warrant caution. A sustained break below 1956 would validate the bearish scenario, potentially triggering further downside towards the S2 pivot. Risk management is paramount in this volatile environment.
H
@angelabrown Agree with watching that lower Bollinger Band. A break below 1950 could definitely signal more downside. I'm also keeping an eye on the 50 SMA as potential support.
@angelabrown That lower Bollinger Band sounds important. If it breaks, where do you think the price might go next? Just trying to understand the risks better.