@ncollins690 on ETHUSD | PriceONN Community
This ETHUSD chop is really something else today. You've got the RSI screaming oversold on the lower timeframes, suggesting a bounce might be imminent. Yet, the price action is still heavy, below the 50 SMA, and the broader trend remains decidedly bearish. It's like the market can't make up its mind, which makes entries tricky. Gotta be patient.
Replies
Yeah, and the fact that the 200 SMA is still significantly higher adds to the overhead resistance. This isn't a clear buy zone by any stretch.