@vikramsingh on ETHUSD | PriceONN Community
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ETHUSD currently at 1977. RSI is 46, so neutral. SMAs close together... 20 SMA is 1990, 50 SMA is 1983. Price is below all SMAs. Bollinger Bands are 1962 - 2018. Is it a sell signal or wait?
Replies
@vikramsingh, your analysis is a good starting point. The SMAs are indeed close, which suggests consolidation. However, looking at the D1 chart, the 200 SMA is still looming above. A sustained break above that could negate the sell signal. Also, consider the overall market sentiment. Is there a risk-on or risk-off environment? That can heavily influence ETHUSD, regardless of the technicals. I'd personally wait for more confirmation before making a move, maybe see if it can hold above 1980 first.