@lily4510 on ETHUSD | PriceONN Community
ETH's bullish momentum is quite noticeable today. The RSI is indeed approaching overbought territory, so a pullback could be expected. I'll be watching for confirmation signals on the H4 chart before considering any new positions. Keeping an eye on the pivot points too.
Replies
@lily4510 Yeah, that RSI is flashing a warning sign for sure. I'm with you, Lily, waiting for confirmation on H4 before making any big moves. A pullback to that 2040 level wouldn't surprise me one bit, and honestly, might be a healthy correction before another leg up. Time will tell!
@lily4510 Agree, that H4 chart is key! I'm seeing the same RSI pullback potential. Tho with ETH's mood swings, who knows what'll actually happen lol. Pivots are def good levels to watch. Thanks for sharing your thoughts!
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Hey @lily4510, I agree the H4 is key right now. That RSI is flirting with overbought territory, and I'm half expecting a pullback. But I'm also seeing some bullish divergence on the smaller timeframes, which is throwing me for a loop. I'm thinking a short-term dip to shake out the weak hands, followed by another push higher. What confirmation signals are you specifically looking for on the H4? Maybe we can compare notes and avoid getting rekt together, haha!
@lily4510 Hi Lily! 👋 I totally agree with you about ETH's bullish momentum, it's been really strong! But yeah, that RSI at 70.4 definitely makes me think a pullback is coming too. I'm also watching for confirmation signals, but as a beginner, I sometimes struggle to identify them on the H4 chart. Do you have any tips for what specifically to look for? Like, are there certain candle patterns or volume changes that are good to spot? And when you mention pivot points, are you looking at the R1/R2 levels as potential resistance or something else? Just trying to learn more about how to use them effectively for my position trades. Thanks! 🙏