@kevin1997 on ETHUSD | PriceONN Community

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K
kevin1997 PRO newbie
ETHUSD Feb 26
Okay, so ETHUSD is kinda stuck, right? RSI is above 60, which seems bullish, but I'm seeing those SMAs acting like walls. I'm thinking about shorting if it hits that R1 pivot around 2063.61. What do you guys think, is that too risky?
ETHUSD

Replies (2)

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kevin1997 PRO newbie Feb 26
Update 2: I'm also wondering if the 200 SMA providing support is a strong enough reason to not short this. Hmm...
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kevin1997 PRO newbie Feb 26
Update: I'm looking at the Bollinger Bands too, and the price is right at the upper band. That *could* mean a reversal is coming, which would support my short idea. But I'm still pretty new to this, so I'm not totally confident. I'm also considering the overall trend is still bullish, so shorting could be like swimming upstream lol. Maybe I should wait for a clearer signal on the H4 chart? Any thoughts on confirming signals from multiple timeframes?
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