@kunal2290 on ETHUSD | PriceONN Community
ETH looking kinda shaky today! RSI is low and price is below the 20 and 50 SMAs... could see it dropping further. I'm thinking of waiting for a bounce before shorting, maybe around 1960? Need to keep an eye on it!
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Update: Just checked the D1 chart and it's looking even more bearish! The Bollinger Bands are squeezing, which usually means a big move is coming. I'm still leaning towards a short, but will wait for confirmation around the pivot point. Maybe target 1900 for TP?
R
@kunal2290 RSI is neutral, not low, lol. 😂 Price is below the 20 SMA yes, but the 50 SMA is still holding. I wouldn't be so quick to short just yet. Wait for more confirmation, or you might get burned. 🔥