@MichelleSkier on ETHUSD | PriceONN Community

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MichelleSkier PRO newbie
ETHUSD Mar 6
Morning, everyone! I'm looking at ETHUSD and wondering if this sideways movement is just a breather before another leg up. We're right around that 2086 level and the volume seems a bit low for a strong breakout. What's everyone else seeing? Bullish continuation or a pullback to test lower supports?
ETHUSD

Replies (2)

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MichelleSkier PRO newbie Mar 6
Another thought: the Bollinger Bands are pretty tight right now, which often precedes a bigger move. Could go either way of course! I'm going to watch the RSI closely today; if it starts trending up towards 60, that might be my cue to consider a long position. Anyone else using Bollinger Bands?
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MichelleSkier PRO newbie Mar 6
Update: I'm leaning slightly towards a bullish bias, tbh. The 200 SMA is way down at 2007, and we've been consistently holding above the 50 SMA. Maybe a small dip to shake out some weak hands before pushing higher? I'm thinking of setting an alert if it breaks above 2097.
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