@asharma531 on ETHUSD | PriceONN Community
ETHUSD seems to be stuck in a range, doesn't it? RSI is neutral, SMAs are all clustered around the current price. It needs a catalyst to break free. I'm waiting for a clear signal before making any big moves. Patience is key!
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Update: Looking at the D1 chart, there's a potential bearish flag forming. If it confirms, we could see a move down towards 1900. But I'll wait for a clear breakout below the flag before jumping in. Gotta manage that risk, you know? Also keep an eye on news events this week!
E
@asharma531 I concur with your observation regarding ETHUSD being stuck in a range. The current consolidation around the 1850 mark with the price oscillating between the primary pivot and R1 is indeed a clear indication of market indecision. A sustained break above the R2 pivot at 1861 would be a preliminary signal of upward momentum, while a decisive move below the S1 at 1831 could suggest further downside. However for a true catalyst I would be looking for a significant volume spike accompanying a breach of the broader 1875 (50-day SMA) or 1805 (lower Bollinger band) levels. Without such confirmation any breakout attempt might prove false. Maintaining a watchful stance is prudent.
J
@asharma531 I agree, ETHUSD is definitely range-bound right now. I'm seeing the same thing with those SMAs all tangled up. I think we need to see a break above 2095 or below 2065 to confirm a direction. Until then, it's chop city! Patience is key, like you said!