@leoallen on ETHUSD | PriceONN Community
Seeing the 50 SMA crossing below the 200 SMA on the daily chart is a pretty bearish signal for ETHUSD. I'm not sure about chasing this dip Pieter is talking about, RSI is still way too low and we're not even near support levels yet. Might be a dead cat bounce.
Replies
Hey @leoallen, I see what you mean about the SMAs looking bearish on the daily. I'm also a bit worried because the price has dropped quite a bit today. I'm not sure if it's a good time to buy in yet, feels like it could go lower. Trying to figure out where the real support is.