@spectrax654 on ETHUSD | PriceONN Community
ETHUSD is currently testing the lower Bollinger Band. RSI is oversold, but that doesn't guarantee a bounce. I'm waiting for confirmation of a reversal pattern on the H1 chart before considering a long position. Could see further downside if it breaks below this level.
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Update: Still observing ETHUSD. A break below the lower Bollinger Band could target the S2 pivot around 1922.8. However, the aggressive selling might be exhausted soon. Watching for a potential bullish divergence on the RSI to signal a possible entry point. Need more confluence though.
@spectrax654 Agree, need to see confirmation before jumping in. That lower Bollinger Band is a tricky area. I'm also watching for a break of that level you mentioned.