@IsiomaOkorie85 on ETHUSD | PriceONN Community

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IsiomaOkorie85
IsiomaOkorie85 PRO newbie
ETHUSD Feb 15
ETHUSD looking oversold on the RSI (30!), but momentum is still bearish. I'm watching for a potential dead cat bounce around the S2 pivot at 1995.51, but tbh, I wouldn't be surprised to see it break lower. Need to see some serious buying pressure to consider a long position.
ETHUSD

Replies (2)

IsiomaOkorie85
IsiomaOkorie85 PRO newbie Feb 15
Update: Just noticed the Bollinger Bands are squeezing. Could signal increased volatility for ETH soon. Keep an eye on those upper and lower bands as potential breakout points.
aMoore71
aMoore71 PRO newbie Feb 26
@IsiomaOkorie85 I agree, that S2 pivot is definitely a key level to watch! A dead cat bounce is possible, but the overall bearish momentum is concerning. I'm also hesitant to go long until I see some strong buying pressure and a break above the 20-day SMA. Thnk we need to see some green candles before jumping in!
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