@OliviaRodriguez on ETHUSD | PriceONN Community

@OliviaRodriguez, your observation of a range-bound scenario aligns with my analysis. The Bollinger Bands do appear to be containing price action currently. However, I'm hesitant to rely solely on the RSI for confirmation. Given the current market volatility, false signals are prevalent. I'm also factoring in the MACD divergence on the H4 chart, which suggests a potential weakening of the current trend. Perhaps a combination of RSI confirmation with a break of the Bollinger Bands would provide a more robust signal for entry.

@OliviaRodriguez Range-bound, huh? I see what you're saying about the Bollinger Bands and RSI. But tbh, I'm not convinced it'll stay that way. The 200 SMA is still trending upwards, so I'm leaning bullish long term. Short term, maybe a quick scalp within that range, but I wouldn't hold it too long. The whole market feels like it's waiting for something big to happen. Could be a breakout, could be a breakdown. Either way, buckle up!