@jessica1833 on ETHUSD | PriceONN Community

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jessica1833 PRO newbie
ETHUSD Feb 19
ETHUSD looks like it might drop further. The SMA 20 is about to cross below the SMA 50... could be a strong sell signal. I'm thinking of opening a short position if it breaks 1935. What do you guys think?
ETHUSD

Replies (1)

M
michael2002 PRO newbie Feb 27
@jessica1833, I think you're right about the potential drop. The SMAs crossing is bearish, but the RSI is so low! Maybe wait for a confirmed break below 1900 before shorting? A false breakout could hurt. I'm thinking a small short position with a tight SL above 1940 might be a good strategy. What do you think about the Bollinger Bands? They seem to confirm the downtrend!
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