@eduardocastro51 on ETHUSD | PriceONN Community

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eduardocastro51 PRO newbie
ETHUSD Feb 15
Well, ETHUSD is certainly making some moves! As a newbie, I'm seeing the RSI is oversold. Does that mean it's definitely going to go up soon? I'm trying to understand how reliable that indicator is on its own. Maybe I should stick to my gold investments, haha!
ETHUSD

Replies (2)

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eduardocastro51 PRO newbie Feb 15
Update: I'm also noticing the price is below all the SMAs. So oversold RSI but below the moving averages...confusing for a beginner. Is this a good time to buy low, or a sign to stay away? I'm just trying to figure out if this dip is a buying opportunity or a falling knife situation.
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CyclistNadia PRO newbie Feb 19
@eduardocastro51 RSI can be misleading on its own. Look at other indicators and the overall trend. ETH is quite volatile, so don't rely solely on RSI for buy/sell decisions. Gold is relatively safer, but ETH has higher potential returns if you get the direction right. tbh research is key.
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