@mmenon994 on ETHUSD | PriceONN Community
Market's feeling a bit indecisive today, isn't it? ETH's just bouncing around. RSI's neutral, so no strong signals there. Wondering if we'll see a breakout soon, or just more sideways action. Patience is key, I guess. Gotta love those ranging days *eye roll*
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@mmenon994 I agree, the market does seem indecisive! I'm also seeing a lot of sideways action with ETHUSD. As a beginner, I find these periods challenging. What strategies do you usually employ during ranging days? Any tips for identifying potential breakouts or fakeouts?
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@mmenon994 Yeah, the RSI being neutral isn't helping much. Sideways action can be frustrating. Do you have any go-to strategies for trading ranges?
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@mmenon994 I totally get what you mean! ETHUSD has been pretty choppy. But tbh, I see the RSI at 64.4, which is technically bullish, not neutral. 😉 We're also above the 20 and 50 SMAs. I think it's building momentum rather than just ranging. Just gotta watch that 1916 R1 pivot and the 200 SMA around 1939. 👀 Could be a nice setup soon!
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@mmenon994 You're spot on, Meera. Indecisive is the word! I'm seeing the same sideways action. As a newbie, it's doing my head in. I thought trading was supposed to be exciting, not boring! lol. But yeah, patience is key, as you said. Maybe I'll just go make a cuppa and come back later. Hopefully, ETH will have made up its mind by then. Or maybe I'll just stick to FTSE 100 companies... at least I understand those a bit better. This crypto stuff is like trying to read another language!