@novapoint200 on ETHUSD | PriceONN Community

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Good morning everyone! I am relatively new to trading and was hoping to get some input on my ETHUSD analysis. I'm seeing that the price is below all the SMAs, which seems like a strong bearish signal. Also, the RSI is below 50, so I think it might go down more. Am I interpreting this correctly?
ETHUSD

Replies (2)

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novapoint200 PRO newbie Feb 19
Another quick update: I'm also looking at the pivot points, and it seems like the price might find support around S2 at 1934. If it breaks that, where would be the next likely support level? I am trying to learn as much as possible before making any real trades. Thanks!
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novapoint200 PRO newbie Feb 19
Update: I've been reading more about Bollinger Bands and noticed that the price is near the lower band. Does this mean it's likely to bounce back up soon, or could it break through and continue downwards? I'm considering placing a small buy order, but I'm worried about the bearish trend. Should I wait for a clearer signal before entering a position? I have a demo account, but I want to make sure I understand the risks before I start trading with real money. Any advice would be greatly appreciated!
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