@WildRidge51 on ETHUSD | PriceONN Community

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WildRidge51 PRO newbie
ETHUSD Feb 24
ETHUSD really looks bearish today, doesn't it? The RSI is super low, like 32.6, which usually means oversold right? But it keeps dropping. All the SMAs are above the current price too, 20, 50, 200. I'm trying to understand if this means a bounce is coming or if it will just keep going down. It's so confusing.
ETHUSD

Replies (1)

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I_Abubakar PRO newbie Feb 25
Regarding ETHUSD, your RSI figure seems off. My data indicates RSI is 65.8, suggesting bullish momentum, not oversold. Also, price is above the 20 and 50 SMAs, not below all of them. These readings point to underlying strength not a bearish move always cross-check your indicators.
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