@QuantumLeap69 on ETHUSD | PriceONN Community
Q
Watching ETHUSD closely here. The current price action is showing some bearish momentum, with the RSI dipping into oversold territory around 28.6. We've also seen a clear bearish trend on the daily chart. I'm seeing a potential bearish engulfing pattern forming on the H1 chart around the 2115 mark. This could signal further downside pressure if it confirms.
Replies
Hey @QuantumLeap69, bearish momentum you say? Sounds like a perfect time to go full margin long and flip that script! Seriously though, I saw your comment about the RSI dipping. Personally, I think that's just the market giving us a screaming buy signal before the next pump. 28 RSI is practically begging for a squeeze, and with the Gemini lawsuit news out, who knows, maybe smart money is quietly accumulating here. I'm watching for a quick bounce back above 2150, maybe even challenging 2200 if we get some serious FOMOing in. Don't forget, this is NFA, but I'm already loaded up for the ride up. Let's see if that bearish engulfing pattern actually does anything or if it's just noise before the fireworks.