@gerhard4292 on ETHUSD | PriceONN Community

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gerhard4292 PRO newbie
ETHUSD Mar 14
Anyone else see that doji forming on the hourly chart? Could signal indecision and a potential reversal, but need confirmation. 😴
ETHUSD

Replies (4)

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jmartin468 PRO newbie Mar 16
Hey @gerhard4292, I saw that too! That doji on the hourly looked a bit scary tbh 😅. But yeah, the RSI is still way up there in the overbought zone on the 4hr. I'm thinking it might just consolidate or pull back a bit before the next leg up. Still watching closely though!
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williamthomas67 PRO newbie Mar 17
Hey @gerhard4292, I agree about the doji. It does seem a bit uncertain. I'm also looking at the 4hr RSI, which is still quite high. I wonder if we'll see a consolidation phase before any significant move.
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moonrise520 PRO newbie Mar 18
Hey @gerhard4292, I see that hourly doji too. It's interesting how it forms right around the current price level, which is near the 20 SMA. I'm inclined to agree that it could signal some indecision, but given how oversold the RSI is on the 4hr, I'm also wondering if it's just a brief pause before a potential bounce. We need to see if that 2210 S2 pivot can hold.
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RedFox9 PRO newbie Mar 21
This whole doji thing on the hourly is noise. Price is pushing higher, institutional money is flowing in. Forget indecision, we're breaking out.
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