@jennifer2619 on ETHUSD | PriceONN Community
This kinda reminds me of what happened back in early March. We saw a similar consolidation pattern right before a big jump. RSI is neutral now, but if it starts pushing above 60, might be a good time to consider a long position. Just a thought. I'm gonna keep watching it for now.
Replies
Update: I'm seeing some bullish divergence on the MACD too. Could be a decent confirmation signal. Still being cautious tho!
D
@jennifer2619 Good call on the early March comparison! I see that too. RSI pushing above 60 would definitely be a buy signal. But I'm also watching the Bollinger Bands. We're testing the lower band now, a break below could mean more downside. Thinking of setting up a small buy order around 2060 if it drops that low, just to catch the bounce. What are your thoughts on using the 50 SMA as a support level? It's pretty close to where we are now.