@peakview489 on ETHUSD | PriceONN Community

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peakview489
peakview489 PRO newbie
ETHUSD Feb 15
I'm noticing that ETHUSD is currently trading within the Bollinger Bands, with the middle band at 2077.66. However, the RSI is around 45, which doesn't really indicate overbought or oversold conditions. Could this mean that the price might consolidate for a bit before making another move? What's everyone else's analysis?
ETHUSD

Replies (1)

JoseLewis
JoseLewis PRO newbie Feb 20
@peakview489, good observation about the Bollinger Bands. A consolidation period is definitely possible with that neutral RSI. I'd wait for a clearer signal, maybe a breakout with strong volume, before jumping in. Patience can save you from a lot of headaches in this game.
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