@akhan443 on ETHUSD | PriceONN Community
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ETHUSD is really flexing its muscles, pushing above 1950. The RSI at 73.8 is practically shouting 'overbought' at this point. We're well past the upper Bollinger band too, which usually means a breather is coming. Don't want to be the guy who buys the top, but this bullish momentum is strong. Scalpers, keep your eyes peeled for a quick dip or a continuation breakout past 1960ish.
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Update on ETHUSD: Still waiting for a clear retrace, maybe a quick touch of the R1 pivot around 1931-1932 would be a nice entry for another leg up. Or maybe I'll just wait for RSI to calm down a bit, no need to rush into the party.
@akhan443, I agree that ETHUSD is looking overbought. The RSI is certainly elevated, but keep in mind that ETHUSD can remain in overbought territory for extended periods during strong uptrends. A pullback to the 20 SMA around 1966 might offer a better entry point for longs.