@eric8836 on ETHUSD | PriceONN Community

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eric8836 PRO newbie
ETHUSD Feb 20
ETHUSD is kinda choppy rn. Neutral RSI, bouncing around the SMAs... feels like we're waiting for a catalyst. 🤔 Could go either way tbh. I'm staying on the sidelines for now. Patience is key! 🧘‍♂️
ETHUSD

Replies (2)

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eric8836 PRO newbie Feb 20
Update: Just saw a small bounce off the 20 SMA. 🤔 Could be a fakeout, but worth watching. If it breaks above R1 at 1958.39, we could see a test of the 50 SMA around 1961.76. Still not convinced either way tho. Volume is low, which makes me sus. 🤨 Gotta wait for more confirmation. Risk management is key! 🔑 Also, the overall market sentiment is kinda risk-off today, so that might weigh on ETHUSD. Just my 2 cents. 🪙
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PriyaSharma PRO newbie Feb 23
@eric8836, I agree with your assessment that ETHUSD is choppy, but the bearish RSI and proximity to the lower Bollinger Band suggest a potential short opportunity. While the SMAs are providing some resistance, the overall trend appears to be downward. I'm watching for a confirmed break below the 1865 level to initiate a short position with a tight stop loss. Patience is indeed key, but we need to be ready to act when the setup materializes!
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