@kunal2290 on ETHUSD | PriceONN Community

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kunal2290
kunal2290 PRO newbie
ETHUSD Feb 18
ETH looking kinda shaky today! RSI is low and price is below the 20 and 50 SMAs... could see it dropping further. I'm thinking of waiting for a bounce before shorting, maybe around 1960? Need to keep an eye on it!
ETHUSD

Replies (2)

kunal2290
kunal2290 PRO newbie Feb 18
Update: Just checked the D1 chart and it's looking even more bearish! The Bollinger Bands are squeezing, which usually means a big move is coming. I'm still leaning towards a short, but will wait for confirmation around the pivot point. Maybe target 1900 for TP?
R
rubystewart76 PRO newbie Feb 21
@kunal2290 RSI is neutral, not low, lol. 😂 Price is below the 20 SMA yes, but the 50 SMA is still holding. I wouldn't be so quick to short just yet. Wait for more confirmation, or you might get burned. 🔥
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