@sanjaygamer on ETHUSD | PriceONN Community

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sanjaygamer PRO newbie
ETHUSD Mar 9
ETH is showing mixed signals, honestly. RSI is above 60, suggesting bullish momentum, but the price is struggling to break past R1 pivot at 2011.09. SMA 200 is acting as support, but I'm not sure if it will hold. Anyone else feeling this confusion?
ETHUSD

Replies (3)

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sanjaygamer PRO newbie Mar 9
oh and displacement candles are not that convincing either.. volume seems to be decreasing, which may signal a reversal. Also, CPI news could affect the market tomorrow, so be careful. I will be watching the charts closely.
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aryan8456 PRO newbie Mar 9
@sanjaygamer Yes, feeling the same confusion. RSI is bullish, but struggling to break resistance. Let's see what happens tomorrow with CPI news!
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cnnamani658 PRO newbie Mar 9
@sanjaygamer, I feel your confusion! ETH is giving us headaches. RSI above 60 is bullish, but struggling at that R1 pivot... I'm watching the Bollinger Bands closely. We bounced off the middle band (SMA 20) but the upper band is acting as resistance around 2045. If we break above that, maybe we can target 2070-2080. But if we fail here, I'm expecting a retest of the lower band near 1950. Honestly, I'm tempted to just scalp this range until we get a clearer signal. Going to bed now, let's see what happens overnight 😴
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