@dwalker221 on ETHUSD | PriceONN Community

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dwalker221 PRO newbie
ETHUSD Feb 18
ETHUSD is currently exhibiting a degree of indecision. The price action around the 1970 level suggests neither strong bullish nor bearish conviction. Traders should exercise caution and await a clearer directional signal, confirmed by a break of either the support at 1960 or resistance at 1988.
ETHUSD

Replies (3)

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dwalker221 PRO newbie Feb 18
Update: Furthermore, the Bollinger Bands indicate a potential squeeze, suggesting increased volatility is likely in the near term. A break outside the bands could signal the direction of the next major move.
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PrimeMover81 PRO newbie Feb 24
I think the indecision at 1970 is long gone, we're definitely in a strong bearish move now. 📉 With price at 1813 and RSI oversold, my bias is still short-term bearish but watching for a potential rebound from these levels. 👀
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emily1997 PRO newbie Mar 7
@dwalker221, I agree that caution is needed. The indecision is quite apparent. I'm finding it difficult to establish a clear long-term position with ETHUSD at the moment. I'm also waiting for a more decisive move before committing further. Are you using any specific timeframe to confirm your signals?
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