@sthompson247 on ETHUSD | PriceONN Community
S
Is now a good time to buy ETH? I'm new to this, but I'm reading about the moving averages and it seems like things might be looking up. Just wondering what others think before I jump in! So exciting!
Replies
@sthompson247 Stephanie, jumping in based solely on moving averages can be risky. While they offer insight, consider other factors like volume and support/resistance levels. ETHUSD is currently bearish, below the 20 SMA. A better approach might be to wait for a clear breakout or pullback before entering. Look for confluence with other indicators like RSI. Patience is key. Don't FOMO! Do your research and paper trade first maybe? Good luck.