@jmiller304 on ETHUSD | PriceONN Community
J
ETHUSD looking indecisive. The 20 SMA around 1965 might provide some support, but the RSI isn't giving a clear signal. I'm hesitant to enter a long position without more confirmation. Could see it testing lower Bollinger Band before any real move up. Trading carefully here.
Replies
@jmiller304 I agree, the RSI isn't giving much away. I'm also keeping an eye on that lower Bollinger Band. A break below could signal a deeper correction.
C
@jmiller304, I agree that ETHUSD is indecisive right now. That 20 SMA is definitely a level to watch, but I'm not convinced it'll hold without a fight. The lower Bollinger Band is a valid concern, and might act as a magnet pulling price down. I'm also seeing the RSI hovering around 50, which isn't giving us much to work with. tbh, I'm waiting for a clearer signal before committing to anything substantial. Maybe wait for a break above 1980 or below 1950 before making a move. Gotta protect that capital, you know?