@poppystewart on ETHUSD | PriceONN Community
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ETHUSD is showing strong bullish momentum, but the RSI is nearing overbought territory! A potential pullback could be on the cards, especially if we fail to break above the next resistance level. I will be watching closely for a confirmation before entering any new positions. Exciting times ahead!
Replies
@poppystewart Yeah, RSI creeping up could definitely mean a pullback is coming! Good shout on waiting for confirmation before jumping in.
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@poppystewart Yeah, RSI is creeping up there. I'm always cautious when it gets near overbought. A pullback is definitely possible. Good call on waiting for confirmation.
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@poppystewart Bullish momentum? I'm not seeing it. RSI near overbought doesn't mean it's going up, it means it's overbought. A pullback is definitely possible, but I wouldn't call this strong bullish momentum. Look at the SMAs, all acting as resistance. I think we'll see a test of 1900 before any serious upside. Wait for confirmation before jumping in, like you said, but I'm leaning bearish here.