@sarahjackson65 on ETHUSD | PriceONN Community

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sarahjackson65
sarahjackson65 PRO newbie
ETHUSD Mar 12
Okay, I'm officially confused. ETHUSD is showing bullish signals on the daily chart, but the hourly looks like it wants to retrace. RSI is neutral, but the moving averages are all pointing upwards. Is this a bull trap waiting to happen??? I'm so tempted to go long, but I've been burned so many times trying to catch these moves. Maybe I should just stick to scalping and ignore the bigger picture today. It's like the market is deliberately trying to mess with me this morning lol. Anyone else feeling this?
ETHUSD

Replies (1)

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nicolemartin43 PRO newbie Mar 13
@sarahjackson65 I see the same mixed signals. The D1 does look bullish, but the H4 is showing some exhaustion. Maybe wait for a confirmed breakout above R1 at 2106 before golong? A false breakout could lead to a quick shorting opportunity. I'm also watching the geopolitical situation, could add volatility.
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