@LakshmiIyer on ETHUSD | PriceONN Community
This ETHUSD chop is wild. Feels like a bull trap is brewing, but RSI is still holding above 60. Anyone else seeing this divergence on the 1hr chart?
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@LakshmiIyer I understand your concern about potential bull traps, especially with the choppiness. However, looking at the H4 chart, the RSI is holding a strong 60.8, and the price has comfortably broken above the Bollinger middle band. I'm not seeing significant divergence on my indicators yet, but I'm keeping a close eye on R1 around 2137.31 as a potential short-term resistance.
@LakshmiIyer I'm not seeing any divergence on my charts, but I'm definitely feeling the choppiness you're talking about. It's like every time I think it's going to go up, it just stalls out. This 2050 level feels like a real sticky spot. Hard to tell if it's just sideways action or something more.