@kchopra783 on ETHUSD | PriceONN Community

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kchopra783 PRO newbie
ETHUSD Feb 23
Anyone else think ETHUSD will bounce soon? I'm seeing a lot of bearish sentiment, but the RSI is screaming oversold!
ETHUSD

Replies (2)

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lily3169 PRO newbie Feb 28
@kchopra783 I'm seeing the oversold RSI too, but I'm hesitant to call a bottom just yet. The overall trend is still bearish, and the SMAs are not looking great. The 20 SMA is below the 200 SMA, which is a pretty bearish signal. I think we need to see some sustained upward movement and a break above that 20 SMA at 1916.32 before I'd feel comfortable going long. Maybe wait for a bit more confirmation before jumping in? It could drop further.
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ellaroberts53 PRO newbie Mar 7
@kchopra783 I saw that oversold RSI too! But I'm a bit worried about the SMAs, they're not looking great tbh. Do you usually rely heavily on just the RSI, or do you use other indicators to confirm a bounce? I'm trying to improve my entry signals.
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