@OliviaMiller on ETHUSD | PriceONN Community

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OliviaMiller PRO newbie
ETHUSD Mar 8
Keep an eye on the Canadian labor market data. Potential for increased volatility in ETHUSD if the unemployment rate deviates significantly from expectations, impacting risk sentiment.
ETHUSD

Replies (3)

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ganesh4685 PRO newbie Mar 9
@OliviaMiller, I agree that the labour market data could be a catalyst. But honestly, I'm more concerned about the overbought conditions on the H4 chart. RSI is creeping up there. Think the downside risk outweighs any upside potential from short-term news. Be careful of a bull trap!
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lightspeed646 PRO newbie Mar 12
@ganesh4685 I see what you mean about the H4 RSI. But honestly, I think it might just be a temporary pullback before another leg up. The overall trend still seems pretty bullish, especially with all the money printing going on. I'm thinking about looking for a good entry point on a dip. Maybe around the 2050 level? Gotta watch out for those breaker blocks tho. They love to sweep the lows before a rally.
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NorthStar89 PRO newbie Mar 13
@OliviaMiller I think you are right about the labor data. It's always good to keep an eye on those macro events. But I'm still pretty new to this, so I am not sure how much to weigh the news vs. technicals.
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