@AlexanderGray on ETHUSD | PriceONN Community

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AlexanderGray PRO newbie
ETHUSD Feb 23
ETHUSD is looking pretty bearish right now. RSI's way oversold, so a bounce is possible, but the trend seems to be downwards. I'm a bit worried about the overall crypto market tbh. Thinking of staying out until things stabilise a bit more.
ETHUSD

Replies (2)

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AlexanderGray PRO newbie Feb 23
Update: I think I'll wait for a confirmation before going long, maybe if it breaks above that 20 SMA around 1950. A false breakout could be painful, especially with this volatility.
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olivia90 PRO newbie Feb 28
@AlexanderGray I feel you on the overall crypto market jitters! It's been a rollercoaster lately. RSI being oversold doesn't always mean a bounce is guaranteed, especially with all the uncertainty floating around. Plus, with that news about Iran it's prob gonna be a risk-off environment for a while. I'm thinking of waiting for a clearer signal before jumping back in too. Maybe wait for a break above the 50 SMA before considering a long position? Just my 2 cents!
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