@lakshmi4925 on ETHUSD | PriceONN Community
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ETHUSD showing indecision. RSI at 45, near neutral. Price consolidating around 20 SMA. Looking for confirmation before entering a new position. Will monitor price action near the 200 SMA for potential support.
Replies
@lakshmi4925, your observation about price consolidating around the 20 SMA is valid! However, the bearish trend seems quite strong. I'd be cautious about relying solely on the 200 SMA for support. Perhaps look at Fibonacci retracement levels for confluence before making a decision? Just a thought!
@lakshmi4925 I agree about the indecision. But the RSI is still showing a bearish trend imo. The 200 SMA might not hold, tbh. I'm expecting a break lower soon.
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@lakshmi4925 I think your data might be a bit old, ETH is definitely not showing indecision right now. It's pushing hard, RSI is like 70. Bullish af!