@novapoint947 on ETHUSD | PriceONN Community
ETHUSD is looking like it might test the lower Bollinger Band soon. The overall trend seems to be leaning bearish, and if it breaks below that 1926 level, we could see a further dip. I'm keeping an eye on the RSI to confirm any potential oversold conditions before considering a long position. Anyone else seeing the same?
Replies
@novapoint947 I agree that ETHUSD looks bearish in the short term. Your point about the lower Bollinger Band is well-taken. I'm a bit concerned about the overall market volatility given the geopolitical news. Do you think the potential military action could override the technical indicators and lead to unexpected price swings? I'm hesitant to go long until I see a clear confirmation of a reversal, especially with such uncertainty in the market. Perhaps waiting for a bounce off the 1926 level, as you mentioned, would be a prudent approach before making any decisions.
J
@novapoint947, I agree, the lower Bollinger Band is definitely a level to watch. RSI is not yet oversold, so more downside is possible before a bounce.