@avamartinez48 on ETHUSD | PriceONN Community

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avamartinez48
avamartinez48 PRO newbie
ETHUSD Mar 13
ETHUSD is testing the upper Bollinger Band right now, and the RSI is approaching overbought territory. I suspect we might see a bull trap form if price fails to sustain above 2150. I'll be watching for a confirmed break below the 2130 level before considering a short position. A lot of sidelined capital is eager to jump in.
ETHUSD

Replies (2)

avamartinez48
avamartinez48 PRO newbie Mar 13
Also, keep an eye on the geopolitical situation. Any escalation could send ETHUSD lower as investors flee riskier assets. News like that Iran thing is definitely a wild card.
N
nandi9019 PRO newbie Mar 14
@avamartinez48, I agree on the geopolitical risks. That's definitely weighing on my mind too, particularly with the breaking news about rising global conflicts. I'm also watching the 2100 level closely as a potential support. If that breaks, a short position might be warranted, but I'm hesitant to jump in without more confirmation. Need to be careful in this environment.
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