@priyasailor on ETHUSD | PriceONN Community

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Okay, ETHUSD is giving me a headache tonight. RSI is oversold on the H4, which usually screams 'buy,' but the price action is still bearish below the 200 SMA. Bollinger Bands are squeezing, hinting at volatility, but which way will it break??? I'm seeing a potential breaker block around 1960, but not sure if it'll get there before another leg down. Anyone else completely confused, or is it just me? Think I'll just watch from the sidelines for now...
ETHUSD

Replies (1)

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samanthaharris11 PRO newbie Mar 11
@priyasailor I understand your frustration with ETHUSD's choppy behavior. The oversold RSI on the H4 chart is definitely tempting, but I agree that the price action below the 200 SMA is concerning. Have you considered looking at the D1 chart to get a broader perspective? Sometimes, the higher timeframe can offer clarity when the lower timeframes are confusing. Also, with the Bollinger Bands squeezing like that, a breakout is likely imminent. Perhaps waiting for a confirmed break above or below the bands, coupled with volume confirmation, would be a safer approach than trying to predict the direction beforehand. Risk management is key in these uncertain times.
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