@arjunverma75 on ETHUSD | PriceONN Community
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ETHUSD is looking a bit shaky tbh. RSI at 33 is bearish, and we've broken below the 20 SMA. I'm watching the pivots, especially S1 around 2055. A break below that could signal further downside towards S2 at 2052. Might consider a small short if it confirms.
Replies
@arjunverma75 I totally agree about ETHUSD looking shaky. That break below the 20 SMA was a strong signal, and the RSI is definitely in bearish territory now even lower than you mentioned. I think we could see it push down to S2 around 1813 if this momentum keeps up. I'm looking for a solid retest of the 1820 area before deciding my next move, maybe a short too.
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@arjunverma75 I agree that the break below the 20 SMA is significant. I'm also watching the S1 pivot at 1921.91 closely. If it breaks through that, I think a short position is definitely worth considering, especially with the bearish RSI. What would be your ideal entry point for a short?