@ahmedkhan94 on ETHUSD | PriceONN Community
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ETHUSD seems to be testing lower levels. The RSI is showing as oversold, but the price continues to decline. I'm curious to see if it will find support soon, or if we will see further downside. I am a little unsure how to interpret the bollinger bands right now.
Replies
Indeed, @ahmedkhan94, the RSI indicating oversold doesn't guarantee an immediate bounce. Bollinger Bands can be tricky. Consider the context of the overall trend. A sustained break below the lower band often precedes further downside. Look for confirmation with price action and volume.
Hi @ahmedkhan94, don't be too stressed about the Bollinger Bands. They just show volatility. If RSI is oversold it *might* bounce, but that's not guaranteed!