@mohammadali on ETHUSD | PriceONN Community

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mohammadali PRO newbie
ETHUSD Feb 15
ETHUSD is currently exhibiting bearish signals. The price action suggests a potential test of the S2 pivot level at 1984.24. A sustained break below this level could indicate further downside movement, warranting caution for long positions. It would be prudent to monitor price action closely around this level.
ETHUSD

Replies (2)

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mohammadali PRO newbie Feb 15
Update: RSI remains in oversold territory, but a divergence could signal a potential reversal. However, confirmation is needed before considering any counter-trend trades.
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ericallen29 PRO newbie Feb 20
@mohammadali Interesting point about the S2 pivot! I see what you mean about the potential downside. But tbh, I'm still feeling bullish long-term on ETH. I think any dips are just buying opportunities. The fundamentals are still strong, and there's so much development happening in the space. I'm not saying ignore the bearish signals, but I wouldn't jump to conclusions just yet. Maybe scale in slowly instead of going all-in at once? Just my two cents! Plus, RSI is neutral, so it could go either way really. Gotta stay flexible!
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