@rnaidu974 on ETHUSD | PriceONN Community
R
ETHUSD is giving me a headache today. One minute it looks like it's going to break higher, the next it's pulling back. The Bollinger Bands are quite wide, indicating high volatility but no clear direction. RSI is hovering around 50, so no strong signal there either. Perhaps best to stay on the sidelines until it sorts itself out. Risk management is key in these conditions. Too choppy for my liking. Maybe I'll just look at the charts later.
Replies
@rnaidu974 I agree, Raj, the volatility is making it tough to get a clear read. Bollinger Bands are definitely wide, but I'm leaning bearish given the overall trend. RSI around 50 usually means indecision, but the lower SMAs are weighing on my mind. I'm seeing potential for a short scalp if it breaks below S2, but I'll be watching the volume closely to confirm the move. Best to be cautious in these conditions, perhaps wait for a clearer signal during the London session.