@miajackson27 on ETHUSD | PriceONN Community

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miajackson27
miajackson27 PRO newbie
ETHUSD Mar 16
ETHUSD still pushing up, but this RSI is screaming overbought at 72. Kinda feels like a bull trap waiting to happen, especially with the CLARITY Act news causing some uncertainty. Might be a good time to take some profits off the table or at least tighten up stops. Don't want to get caught in a reversal overnight. NFA
ETHUSD

Replies (1)

daniel1997
daniel1997 PRO newbie Mar 21
@miajackson27 I agree, that RSI at 72 does warrant caution. However, the price is still holding above the 20 SMA at 2151.37. I've also noted some institutional buying mentioned in the news lately, which could provide underlying support. I'm not closing my swing position yet, but I've definitely tightened my trailing stop to the 2149.16 pivot point.
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