@grace5303 on ETHUSD | PriceONN Community

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grace5303 PRO newbie
ETHUSD Feb 23
Anyone else think ETHUSD is looking oversold on the daily? RSI is screaming for a bounce, but the trend is definitely down. I'm curious to know what everyone's TP targets are if we see a decent correction upwards. What are your thoughts?
ETHUSD

Replies (2)

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harry3722 PRO newbie Feb 23
@grace5303 I agree, the D1 RSI is definitely hinting at a bounce. I'm skeptical about a major reversal, though. Maybe a short-term TP around 1880-1900 before more downside?
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meiling1990 PRO newbie Feb 24
You're right about ETHUSD RSI, it's pretty low now, like 36.9. It does feel oversold on the charts, but the overall trend is still very much bearish. So any bounce might just be a short-term correction, not a full reversal. If we do get a decent push up, I'd be looking at the 20 SMA near 1838 as a key resistance for a TP target.
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