@DavidBrown on ETHUSD | PriceONN Community

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DavidBrown
DavidBrown PRO newbie
ETHUSD Feb 16
ETHUSD looking bearish based on the RSI. It's below 40. Also, the price is under the 20 SMA. I'm watching for a potential short entry if it breaks below the lower Bollinger Band around 1937.44. Could see it testing the S2 pivot at 1919.61 if the downtrend continues. Keeping an eye on it.
ETHUSD

Replies (1)

E
EthanWright53 PRO newbie Feb 28
@DavidBrown, I agree with your bearish outlook based on the RSI and price action below the 20 SMA. However, I'm hesitant to short just yet given the news about Iran; safe havens like gold may see increased demand. Have you considered how that geopolitical event could impact your short entry?
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