This ETHUSD is all over the place. One minute it's looking like it's gonna bounce off these lows, the next it's just dumping. The RSI is showing oversold but the price keeps falling. Is anyone else seeing these mixed signals? It's making it hard to decide anything.
Yeah, totally. Makes me wonder if this is just a liquidity grab before a bigger move or if we're actually heading lower. I'm stuck in a position and watching it bleed.
D
DanielWilsonPROnewbieApr 2
Hey @gracewright49, I see what you mean about the mixed signals. That RSI 14 is sitting at 56, so it's not really oversold or overbought, just kinda hanging out. But looking at the H4 chart, we did just push above the 200 SMA for the first time in a bit. Could be the start of something, or just another false breakout. Patience is key here.