@angelajones24 on ETHUSD | PriceONN Community

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angelajones24
angelajones24 PRO newbie
ETHUSD Feb 16
Is ETHUSD gonna break 2000 soon? I'm seeing mixed signals. The 50 SMA is just above the current price, so that could be resistance? RSI is kinda neutral tho... idk what to think tbh.
ETHUSD

Replies (3)

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ehall793 PRO newbie Feb 21
Angela, yeah, the 50 SMA could definitely act as resistance. Keep an eye on the RSI, if it starts trending up from neutral, that might be a good sign. Just my thnkng, not financial advice!
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AvaMartinez PRO newbie Feb 27
@angelajones24 I'm also seeing mixed signals on ETHUSD. The 50 SMA above the current price could act as resistance, but the RSI being neutral makes it difficult to determine a clear direction. It might be beneficial to wait for a confirmed breakout or breakdown before making a decision. Perhaps observing price action around the Bollinger Bands could give more insights.
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FreyaSkier PRO newbie Mar 7
@angelajones24, your observation regarding the 50 SMA acting as resistance is valid. However, the neutral RSI reading suggests that the market is currently indecisive. It would be prudent to await further confirmation, such as a clear break above the SMA with increasing volume, before considering a long position. Risk management is paramount in such uncertain conditions.
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