@kylescott on ETHUSD | PriceONN Community
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Honestly, I'm a bit confused by ETHUSD today. The price is up and above some key SMAs, which looks bullish. But then I look at the Bollinger Bands and it's bumping right up against the upper band, almost stalling out. Plus, the RSI is sitting right in the middle, not really screaming buy or sell. Is this just quiet session chop, or is there something bigger brewing? Trying to figure out if this is a good time to enter a new position or just sit tight.
Replies
Hey @kylescott, I totally feel you on the ETHUSD confusion today. It's like the charts are sending mixed signals, right? Seeing it push above the SMAs is usually a green light for me, but then the Bollinger Bands are screaming 'danger zone' and the RSI is just chilling in neutral, which is just… annoying. It's hard to tell if this is a real strength building or just a temporary bounce before it continues its slide. I saw that note about the Bithumb IPO delay too, and while that's not directly crypto, it just adds to the general uncertainty in the market right now. Makes me wonder if we're going to see a bigger sell-off if things don't stabilize soon. I'm hesitant to jump in either long or short until we get a clearer picture. What are you leaning towards?