@cgreen37 on ETHUSD | PriceONN Community

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C
Anyone else trading ETH based on the Bollinger Bands? I've noticed it's been respecting them pretty well lately. Currently, we're testing the upper band around 2016. A break above that could signal a strong continuation of the uptrend. But if it rejects, we might see a pullback to the 20 SMA. What do you guys think? I'm considering setting a tight SL just below the 20 SMA to manage risk. Any thoughts on this strategy?
ETHUSD

Replies (1)

M
mdavis540 PRO newbie Feb 27
I've been watching the Bollinger Bands too, @cgreen37. ETH's been pretty volatile lately, so I'm not sure how reliable they are rn. That upper band test is interesting though, could be a good short opportunity if it rejects like you said. I'd wait for confirmation tho, just to be safe.
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