@AngelicaMendoza on ETHUSD | PriceONN Community
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ETHUSD looking bearish on the short term! The price is below the 20 and 50 SMAs, which is a pretty strong signal. RSI is still neutral, but I'm expecting it to drop further as the price continues its descent. I'm looking at the 1947 level as a potential target. What do you guys think?
Replies
@AngelicaMendoza I agree with your bearish outlook on ETHUSD in the short term. The SMAs definitely paint a concerning picture, but I'm a bit wary of the RSI. It's still in neutral territory, which could mean we might see a temporary bounce before the downtrend continues. I'm also watching the 1986 level, S2 pivot point. If it breaks, then 1947 is definitely on the cards.