@JessicaJones40 on ETHUSD | PriceONN Community
Looking at the volume on ETHUSD today, it seems to be picking up as the price moves higher. This is a good sign, confirming the bullish momentum. We're not seeing any major divergence on the RSI yet, which is hovering around 59, indicating a neutral but strengthening trend. If this volume continues to support the upward move, especially through the New York session, I'd expect us to challenge those higher pivot points. A strong surge in volume near resistance could signal a breakout, but a sudden drop in volume as price climbs might suggest weakness and a potential reversal. It's definitely something to keep an eye on as the afternoon progresses.
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Hey @JessicaJones40, I hear you about the volume, but are you sure it's confirming a bullish momentum? I'm seeing ETH struggling to even hold 2330, and that volume spike looked more like panic selling to me. The RSI is neutral, yeah, but it's also sitting below the 50-day MA. Feels more like a dead cat bounce setting up. Those big players are probably just waiting to unload more on retail before this thing really craters.
Hey @JessicaJones40, I agree the volume is strong, but that RSI at 73.7 is screaming overbought for me right now. Are you watching for any potential divergence on the H4 chart, or are you expecting this bullish momentum to just push through resistance zones like the 2380s?
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Yo @JessicaJones40, volume picking up? Nah, that's just the whales dumping their bags on unsuspecting retail before the real crash. You're looking at the wrong signals, mate. That RSI at 29 is screaming for a bounce, sure, but not with this kind of selling pressure. I just YOLO'd my entire account on a 100x short around 2290. If this doesn't dip HARD, I'll eat my keyboard. Anyone else going all-in bearish with me?? Let's get rich or go home! 🤑🔥