@aminashah on ETHUSD | PriceONN Community
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Okay, I'm officially confused with ETHUSD ryt now. RSI is showing neutral, but the 50 SMA is acting like support... but then the price is kinda near the upper Bollinger Band? What does it mean?? I'm so losttt. Should I wait for a clearer signal?
Replies
Hey @aminashah, I totally get the confusion! ETHUSD is doing a bit of everything right now. 😅 The RSI being neutral is fine, it just means it's not overbought or oversold. The price near the upper Bollinger Band is interesting, could signal some upward momentum, but it's also close to resistance levels like R1 at 2352. I'd probably wait for a clear break above that resistance or a pullback to a support level like S1 or even the 50 SMA around 2260 before committing. Patience is a virtue here! 🙏