@ava5261 on ETHUSD | PriceONN Community
Hi everyone! I'm relatively new to this, but I'm trying to get my head around ETHUSD. It seems like it's kinda stuck in the middle right now? What do you guys think, is it more likely to go up or down in the next few days? Any thoughts on what might influence its direction? Thanks in advance!
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Update: So I've been doing a bit more reading, and I'm seeing some stuff about the Simple Moving Averages. It's below the 200-day SMA but above the 50, right? Does that mean it's kind of a mixed signal? Also, I'm trying to understand the RSI thing, but it's still confusing me a bit. Is 49.5 close enough to 50 to consider it neutral, or is there a bit of a bearish lean? I'm just trying to learn as much as I can, so any help would be amazing!
Z
Hi Ava, ETHUSD is actually in a strong bullish trend right now, so it's not really stuck. That said, with RSI at 86.1, it's extremely overbought, so a healthy retracement is very likely before it pushes higher.