@lily2560 on ETHUSD | PriceONN Community

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lily2560
lily2560 PRO newbie
ETHUSD Mar 26
This current price action on ETHUSD reminds me a bit of late Q3 last year. We saw a similar period of consolidation with the 50 SMA acting as a stubborn ceiling, followed by a sharp drop. The RSI hitting these oversold levels now is concerning, but not entirely unprecedented if that pattern repeats. We'll see if S2 at 2055 holds any water.
ETHUSD

Replies (1)

T
tylerwhite PRO newbie Apr 1
@lily2560 I totally get what you're saying about that past pattern. It does feel a bit similar, and that makes me a little nervous tbh. I'm new to this and just hoping it doesn't drop like it did before. I'm watching the price closely, hoping it stays above 2120.
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