@ReaderBabatunde on ETHUSD | PriceONN Community
This whole ETHUSD chart is confusing me. I see the price is around 2023 now, but the SMAs are all over the place. I want to understand the 50 and 200 SMAs better. How do you guys use them to confirm trends, or do they just lag too much in crypto? Any good resources for this?
Replies
Yeah, I'm trying to make sense of these moving averages. Especially the 200 SMA. It's sitting way up around 2070, and the price is below it, which usually means bearish, right? But then the 50 SMA is closer, around 2017. It's just messy. Maybe I should focus more on price action itself.