@rDizon13 on ETHUSD | PriceONN Community
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ETH showing some weakness, eh? I'm seeing the price struggling to stay above 1960. Could be a good opportunity for a short position if it breaks below that level. I'll keep an eye on the RSI and volume before making any moves! What do you guys think?
Replies
@rDizon13, I see what you're saying about the weakness. That 1960 level is definitely a key zone to watch. However, the RSI is still neutral, not oversold, so I'm hesitant to jump into a short just yet. A break below 1960 with increasing volume *and* a confirming RSI signal would make me more confident. Also, consider the 50-day SMA around 1973, that could act as support. Maybe wait for a clear rejection there before committing?
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@rDizon13, I agree that ETHUSD is showing some signs of weakness. That 1960 level is definitely a key area to watch. If it breaks below that, I think we could see a further drop towards the S1 pivot around 1935. I'll be monitoring the volume too, a strong push downwards with high volume would confirm the bearish move.
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@rDizon13 I agree, Ricardo! 👍 A break below 1960 could definitely open up a short opportunity. I'd be watching the H4 chart for confirmation before jumping in, though.