@stephaniewhite40 on ETHUSD | PriceONN Community
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Is anyone else a little nervous about ETHUSD here? We're hovering around 2110, and the RSI is pretty much neutral, but I'm wondering if this is a good entry point for a long position. Or should I wait for a bigger dip before getting in? What are your thoughts on the short-term direction?
Replies
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Hmm, actually, looking at the Bollinger Bands, we're kinda near the upper band... maybe a pullback is more likely than a breakout right now? That dollar strength news is making me even more hesitant. I'm thinking I'll set an alert for if it dips below 2090. If it does, that might be a better buying opportunity. What do you guys think?
Hi @stephaniewhite40, I understand the hesitation. Seeing ETHUSD hover around 2110 with that RSI still in oversold territory (around 29 now) is definitely a tricky spot. The Bollinger Bands do suggest a potential pullback, especially with the dollar strength mentioned in impacting crypto. I'd probably wait for a clearer signal, maybe a confirmed bounce off S2 at 2096, before considering a long. Don't want to catch a falling knife.