@ZaneleD2 on ETHUSD | PriceONN Community

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ZaneleD2
ZaneleD2 PRO newbie
ETHUSD Feb 28
ETHUSD has been exhibiting increased volatility in recent sessions. The current bearish trend is testing the lower Bollinger Band, and a sustained breach could trigger further downside. Monitoring the RSI for confirmation of oversold conditions will be crucial for identifying potential reversal points.
ETHUSD

Replies (1)

ZaneleD2
ZaneleD2 PRO newbie Feb 28
Update: The D1 chart shows a significant bearish engulfing pattern, reinforcing the downward pressure. I'll be watching for a potential short opportunity if the price fails to break above the 20 SMA on the H4 timeframe. A tight SL above the SMA would be prudent.
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