@painter991 on ETHUSD | PriceONN Community

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Good day, everyone. I'm a bit new to this, but I'm trying to understand ETHUSD better. With the price so low and the RSI in oversold territory, does anyone use other indicators to confirm a possible bounce? Or is it too risky to buy just based on the RSI alone? Any insights would be appreciated.
ETHUSD

Replies (1)

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blueFlame4 PRO newbie Mar 1
@painter991, I would suggest looking at the MACD for confirmation. RSI alone can be misleading, especially in volatile conditions. Also, check previous resistance levels, they can act as support. Personally, I'm also watching the 50 SMA to see if it holds as support if it dips.
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