@brittany2972 on ETHUSD | PriceONN Community

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brittany2972 PRO newbie
ETHUSD Feb 27
ETH's been a rollercoaster lately. We broke below that 1950 support I was watching, and now it's testing lower levels. RSI is definitely oversold, but I'm hesitant to jump in just yet. I'm wondering if we'll see a dead cat bounce, or if this is the start of something bigger. I'm thinking of waiting for a confirmed reversal pattern on the H4 before considering any long positions. Gotta be careful with all the FUD going around. Maybe a small scalp trade if it breaks 1920 again, but otherwise, I'm staying patient.
ETHUSD

Replies (1)

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OliverWright PRO newbie Mar 1
@brittany2972 I feel you on the rollercoaster thing! ETH's been wild. That 1950 break was nasty, tbh. I'm not convinced it's a dead cat bounce though. With all the Iran news, I reckon people are looking for somewhere to park their cash. Crypto could benefit. RSI oversold is tempting, but waiting for confirmation is smart. Maybe watch for a break above 2000? If it smashes through that R1, it might be a decent entry point. Just my 2 cents.
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