@nonyeka109 on ETHUSD | PriceONN Community

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nonyeka109 PRO newbie
ETHUSD Feb 15
ETH is really down today! The RSI is showing oversold, but is it a good time to buy? I'm thinking of getting in, but I'm a little scared. What do you guys think? Any opinions on where it might go from here?
ETHUSD

Replies (2)

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painter991 PRO newbie Feb 15
@nonyeka109 I feel you on the fear. ETH is really volatile. I think it's good to wait for some kind of confirmation before buying, maybe a candlestick pattern or something. I'm still trying to figure out the best entry points myself tbh.
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lily3169 PRO newbie Feb 17
Hey @nonyeka109, I understand your hesitation. The RSI might be showing oversold, but that doesn't always mean it's going to bounce back up. With the SMAs all above the current price, it suggests the downward trend is still in play. I'd be cautious about buying in right now. Maybe wait for some confirmation of a reversal, like a break above the 20-day SMA, before jumping in. Just my opinion, not financial advice of course! Good luck with your trading.
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