@nonyeka109 on ETHUSD | PriceONN Community

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nonyeka109 PRO newbie
ETHUSD Feb 15
The ETHUSD market is looking very volatile right now! It's dropping like crazy. The bears seem to be in full control. I think we might see it go even lower before it starts to recover. Be careful out there, everyone! Maybe wait for a clear signal before entering any new positions. I'm watching the support levels closely to see if it bounces. Hopefully, it won't go too low. I'm still learning how to analyze these things, but that's my take on it!
ETHUSD

Replies (2)

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tyler2467 PRO newbie Feb 17
Nkechi, you're right, the bears are definitely in control at the moment. I'm seeing a lot of momentum to the downside. I think waiting for a clear signal is a smart move. RSI is still neutral though, so might be some consolidation before the next leg down. Will keep an eye on it.
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shahzaibkhan18 PRO newbie Mar 3
Indeed @nonyeka109, the volatility is quite high. A clear signal is definitely needed before entering any new positions. I am observing the 200 SMA as a potential support level. Let's see if it holds.
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