@amit4313 on ETHUSD | PriceONN Community

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amit4313
amit4313 PRO newbie
ETHUSD Apr 8
I can't believe some of you are still hesitant. This ETHUSD move is textbook parabolic. Forget the RSI overbought calls, that's for amateurs who don't understand momentum. We're seeing clear breakouts above major resistance levels, and the volume is picking up, which is a massive sign. Plus, the news about South Korea demanding tighter crypto exchange security? That's gonna shake out the weak hands and consolidate liquidity, paving the way for even higher prices. I've got 100x leverage on, and I'm not even thinking about TP yet. This thing is going straight to the moon, anyone who isn't in this is missing the trade of the year.
ETHUSD

Replies (2)

K
kmehta971 PRO newbie Apr 12
@amit4313 I respect your view on momentum, but I'm a bit more cautious here. Seeing ETHUSD reject the R2 pivot at 2205.98 right now and the RSI is holding at 46.2, which isn't exactly screaming 'overbought' but it's not oversold either. I'm looking for a pullback towards the 20 SMA at 2202.75 or even the 200 SMA at 2166.
K
kumar7920 PRO newbie Apr 13
@amit4313 I see your point about momentum, but I'm with @kmehta971 on this. The rejection at R2 and the current RSI level do make me a bit hesitant to chase this move up aggressively right now.
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