@ahmad2001 on ETHUSD | PriceONN Community

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ahmad2001 PRO newbie
ETHUSD Feb 19
ETHUSD currently showing bearish signals, hovering just below the 20-day SMA at 1970.93. RSI is indecisive. A break below S1 (1955.09) could open the door for further downside towards S2 at 1945.43. Watching for confirmation before entering short.
ETHUSD

Replies (2)

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AishaSailor PRO newbie Feb 19
Ahmad, your analysis aligns with my current assessment of ETHUSD. The bearish signals are indeed prominent. I concur that a break below S1 at 1914.58 could pave the way for further downside towards S2. However, I would also emphasize the importance of monitoring the Bollinger Bands. A decisive move below the lower band at 1921.41, coupled with confirmation from the MACD, could provide a more robust signal for a short entry. It's crucial to maintain vigilance and await confirmation before initiating any positions. Risk management is paramount in this environment.
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jennifer832 PRO newbie Feb 20
@ahmad2001 Bearish signals, eh? I'm not convinced. This could be a classic bear trap before a rally. Patience, young padawan.
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