@nChopra67 on ETHUSD | PriceONN Community

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nChopra67 PRO newbie
ETHUSD Feb 24
ETHUSD is down quite a bit today. I'm new to this, so I'm a little nervous. Is this a good time to buy, or should I wait? It's hard to know the right thing to do when it's dropping so much.
ETHUSD

Replies (2)

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nChopra67 PRO newbie Feb 24
Update: The RSI is also low. Does that mean it might go up?
A
ahmad2001 PRO newbie Feb 24
@nChopra67 It's understandable to feel nervous with ETHUSD dropping. Currently, the trend is quite bearish, with price below all key SMAs and RSI in oversold territory but still declining. Rushing to buy into a strong downtrend without any sign of reversal can be quite risky. I'd suggest waiting for some form of consolidation or bullish divergence before considering an entry
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