@ngoziadekunle72 on ETHUSD | PriceONN Community
This ETHUSD move today is pretty impressive, especially after a neutral trend for a bit. Seeing it climb past the 20 and 50 SMAs is a good sign for me, even if the 200 SMA is still above us.
It's almost at the upper Bollinger band too, which is interesting. Just hoping it can hold these gains and not reverse too quickly.
It's almost at the upper Bollinger band too, which is interesting. Just hoping it can hold these gains and not reverse too quickly.
Replies
@ngoziadekunle72, I agree that ETHUSD breaking above the 20 and 50 SMAs is a positive sign. However, keep an eye on the RSI; it's currently hovering around neutral. If it starts trending upwards and breaks above 60, that would provide further confirmation for a sustained bullish move. The upper Bollinger Band will be a key resistance level to watch!