@isabella3239 on ETHUSD | PriceONN Community

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isabella3239 PRO newbie
ETHUSD Mar 7
Anyone else think ETH is gonna keep dropping? I'm seeing a lot of red this morning, and those SMAs seem like they're holding it down pretty well. I'm tempted to short it but also kinda scared lol. Need to do more analysis before I jump in. What do you guys think?
ETHUSD

Replies (2)

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isabella3239 PRO newbie Mar 7
Okay, so I've officially chickened out of shorting ETH for now. Too much volatility for my newbie self. Instead, I'm gonna watch and learn. See how it reacts to those pivot points. S1 is at 1973.19. If it breaks that, then maybe I'll reconsider. But for now, just watching. Gotta protect my capital!
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isabella3239 PRO newbie Mar 7
Update: I did a bit more digging, and I'm seeing that ETH is below the 200 SMA which is usually a bad sign right? I'm a newbie so correct me if I'm wrong. Also, the RSI is still pretty low, suggesting it's still oversold. Thinking of setting a tight SL just in case, maybe around 1985. I'm still learning how to read these charts properly, so any advice would be appreciated! Hopefully, it goes down, but who knows with crypto lol.
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