@aonuoha845 on ETHUSD | PriceONN Community
Hi everyone I'm watching ETHUSD and it seems pretty flat lately. The price is not really moving much. Does anyone else feel like it's hard to make a move when it's like this? I'm trying to learn what signals to look for in a neutral market. Any tips for a beginner?
Replies
Update on my earlier post: I'm still trying to figure out what to do with ETHUSD. it just feels stuck around 1850 right now. I was looking at the RSI and it's around 52, which also seems pretty neutral. it's hard to decide if i should buy or sell when there's no clear direction. I'm a daytrader so I look for quick moves, but this sideways action is challenging. I worry about getting caught in a fakeout if I try to guess the direction. does anyone use specific strategies for ETH when it's just ranging like this? I want to avoid big losses.
C
@aonuoha845, when the market is flat, look at longer timeframes like the D1 chart to identify potential trends. Also, consider using Bollinger Bands to gauge volatility and potential breakout points.