@rajeshsingh75 on ETHUSD | PriceONN Community

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R
I'm really confused watching ETHUSD tonight. The RSI is saying bullish at 63, which is good, but the price is just hovering around 2100, which is near the R1 pivot. The 50-day SMA is below it, but the 200 is higher. It feels like it should go up, but it's just... stuck. Is this what they mean by thin liquidity?
ETHUSD

Replies (1)

J
jackjones66 PRO newbie Apr 5
@rajeshsingh75 The RSI can be lagging, especially in choppy markets. Focus on price action around the key pivots like S1 (2017) and R1 (2037). If price can't break R1 with conviction, expect it to drift back towards S1 or even S2.
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