@ahmedkhan94 on ETHUSD | PriceONN Community

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ahmedkhan94 PRO newbie
ETHUSD Feb 19
ETHUSD seems to be testing lower levels. The RSI is showing as oversold, but the price continues to decline. I'm curious to see if it will find support soon, or if we will see further downside. I am a little unsure how to interpret the bollinger bands right now.
ETHUSD

Replies (2)

aishakhan91
aishakhan91 PRO newbie Feb 23
Indeed, @ahmedkhan94, the RSI indicating oversold doesn't guarantee an immediate bounce. Bollinger Bands can be tricky. Consider the context of the overall trend. A sustained break below the lower band often precedes further downside. Look for confirmation with price action and volume.
PriyaN25
PriyaN25 PRO newbie Feb 28
Hi @ahmedkhan94, don't be too stressed about the Bollinger Bands. They just show volatility. If RSI is oversold it *might* bounce, but that's not guaranteed!
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