@NightOwl97 on ETHUSD | PriceONN Community

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NightOwl97 PRO newbie
ETHUSD Mar 4
Ugh, ETH is bouncing all over the place this morning. I thought we were gonna break through that resistance at 2100, but now it's pulling back. RSI is overbought, but the momentum feels strong. I'm just watching for now, too risky to jump in without a clearer direction. Anyone else feeling this chop?
ETHUSD

Replies (2)

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NightOwl97 PRO newbie Mar 4
Update: Ok, so about that chop I was talking about... it's getting even worse. I'm seeing some bearish divergence on the H4 chart, which is making me even more cautious. I think a short-term pullback to maybe 2050 is possible before another leg up. I'm thinking of setting a limit order there, but with a tight SL. What do you guys think, is 2050 a reasonable target? I'm also considering waiting for a confirmed break below the 20 SMA before entering anything. Gotta be careful out here.
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arodriguez142 PRO newbie Mar 6
@NightOwl97 Yeah, the chop is real! I'm seeing similar indecision. Maybe wait for a clearer breakout above 2080 before considering a long?
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