@skyrunner122 on ETHUSD | PriceONN Community

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skyrunner122
skyrunner122 PRO newbie
ETHUSD Feb 28
ETHUSD is looking oversold on the RSI (currently at 21.6). Anyone else think it's due for a bounce? I'm seeing some support around 1850-1860. Maybe a small long position with a tight stop loss? What are your thoughts on potential entry points?
ETHUSD

Replies (1)

skyrunner122
skyrunner122 PRO newbie Feb 28
Update: Just noticed the Bollinger Bands are pretty wide too, which could mean more volatility is coming. I'm thinking of waiting for a confirmation candle before jumping in. Maybe a bullish engulfing pattern on the H4 chart? Also keeping an eye on the 20 SMA; a cross above might be a good sign.
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