Looking at ETHUSD, thinking of a possible long position if it can break above the 200 SMA around 2005. RSI is pretty low, so there's room to run. Targetting maybe 2050 initially. Gotta watch for resistance at R1 though.
@olivia92 Your analysis is interesting. I see the potential long position above the 200 SMA as well. However, I'm slightly concerned about the RSI not being oversold enough. A break above 1953 with increasing volume would be a stronger confirmation, in my opinion. What are your thoughts on the MACD indicator? Is it showing any divergence?
