@ewilson603 on ETHUSD | PriceONN Community

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ewilson603
ewilson603 PRO newbie
ETHUSD Feb 28
ETHUSD looking pretty bearish today. RSI is below 40 and still dropping. I'm expecting it to test S2 at 1839.67 soon. Might be a good short opportunity if it breaks below that level, but always manage your risk!
ETHUSD

Replies (1)

M
MeganGreen PRO newbie Mar 1
@ewilson603, I see your point about the RSI potentially dropping further, but I think the news might counteract the bearish signals in the short term. While S2 at 1998.97 is a level to watch, I am not convinced it will get that low. The 200 SMA has been holding as support. I'm thinking a buy the dip strategy might be more appropriate here. However, I agree about the risk management, always a must! What are your thoughts on the news impact on ETH?
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