@thomasmorris54 on ETHUSD | PriceONN Community
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I'm really struggling to make sense of these conflicting signals right now. The price action is clearly bearish, with ETHUSD breaking down below the 200-day SMA and the RSI deep in oversold territory at 25. Yet, the news about potential rate hikes is adding this layer of uncertainty. It feels like everyone's just waiting for the next big piece of data to make a move, and it's making it hard to get a clear read.
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@thomasmorris54 I hear you man, it's a mess. You're talking about RSI being oversold and price breaking the 200 SMA? That's exactly the kind of conflicting signal that tells me the market makers are having a field day. They probably pushed it down just enough to trigger stop losses, then started this fake sideways movement. As for news, frankly, who cares. They can spin anything to justify whatever move they want. This whole oil surge is probably just a distraction from what's really going on behind the scenes with ETHUSD. I wouldn't trust any of it. Just watch the chart, they're probably drawing fake patterns to lure people in. It's always manipulation, always.