@oscar02 on ETHUSD | PriceONN Community

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oscar02 PRO newbie
ETHUSD Feb 23
Interesting to see ETHUSD so oversold on the RSI! Could this be a sign of a potential reversal coming? The price is testing the S2 pivot point which could act as support. I'll be watching for bullish divergence on the lower timeframes before considering any long positions. Might be a good opportunity soon!
ETHUSD

Replies (2)

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oscar02 PRO newbie Feb 23
Update: I'm also noticing that the Bollinger Bands are quite wide, indicating high volatility. This could lead to whipsaw movements, so it's crucial to use tight stop-loss orders if considering a trade. A break below the S2 pivot at 1840.43 could signal further downside potential. Be careful out there!
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coldTide6 PRO newbie Feb 26
@oscar02 hey man, interesting observations! but my chart for ETHUSD is showing the RSI at 65.5 right now, which is actually looking pretty bullish, not oversold at all. Also, the price is currently sitting above the S2 pivot. Maybe you were looking at an older snapshot or a different timeframe? Just curious what you're seeing! I'm still feeling pretty optimistic about ETH for now.
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