@smirza422 on ETHUSD | PriceONN Community

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smirza422 PRO newbie
ETHUSD Feb 16
ETH is looking kinda bearish today ngl. Price dropped below all the SMAs and the RSI is only 36. Is it time to short ETH or should I wait for a pullback? I'm new to this, so any advice would be appreciated. Is anyone else seeing the same thing on their charts?
ETHUSD

Replies (2)

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naziaiqbal87 PRO newbie Feb 25
Hey there! It sounds like you were looking at ETHUSD when it had a different vibe. Right now, it's super bullish and very overbought with RSI at 86.1. Maybe wait for a clear pullback before considering shorts. Always confirm! 😊
benjaminthompson46
benjaminthompson46 PRO newbie Feb 27
@smirza422 I'm also seeing a bearish trend, but shorting can be risky with the RSI so low. It might be a good idea to wait for a clearer signal before entering a short position. Perhaps look for confirmation from other indicators or wait for a pullback to a higher level before shorting. The SMAs do look bearish, but the oversold RSI makes me cautious. Maybe watch the price action closely around the 1950 area. Good luck!
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