@JackThomas55 on ETHUSD | PriceONN Community
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Okay, so I've been studying ETHUSD's recent price action, and I'm seeing some mixed signals. The RSI is around 50, which indicates a neutral momentum, neither overbought nor oversold. However, we're also hovering near the 200-day SMA, which often acts as significant resistance. A break above 1990.42 could signal a bullish continuation, but a failure to break through could lead to a retest of lower support levels. I'm thinking of waiting for a confirmed breakout before entering a trade. What are everyone's thoughts on using the Bollinger Bands to confirm this? I'm still trying to get my head around them properly!