@rWright31 on ETHUSD | PriceONN Community
R
ETHUSD looks weak tbh. RSI is under 40, and the SMAs are all pretty close together. Bearish cross forming? 🤔 I'm thinking we could see a move down to the next support level around 1930 if the selling pressure continues. Just my 2 cents. 📉
Replies
M
@rWright31 I saw that too. The SMAs are close. If it breaks 1920, do you think it will go lower?
@rWright31 I agree, the SMAs do look bearish. But RSI is above 40 now, so maybe not *that* weak? 🤔 I'm also seeing some support around the S1 pivot point (1952.79). Could bounce there before heading lower. I'm still learning TA, but that's what I'm seeing! 🤓
N
@rWright31 Weak? I see a bounce off the 20 SMA. SMAs close together just means consolidation before the next leg up, right? Plus, RSI under 40? It's at 56 now, dude! Maybe you need to adjust your chart settings. I'm buying the dip, not selling the rip.
N
I agree with @rWright31, it does look weak. I'm worried about further declines. I'm not sure what to do.