@frana967 on ETHUSD | PriceONN Community

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F
Okay, so I was looking at ETHUSD and it's been on such a strong run lately, feels really bullish! The price is over 1950 now, which is amazing. I'm thinking, maybe it will keep going up towards that 2000 mark everyone talks about.

My plan, if you can call it a plan haha, is to wait and see if it breaks above 1950 properly and stays there. But then the RSI is so high... and the Bollinger Bands show it's near the upper band around 1949.36. Is it safe to enter now or should I wait for a pullback? I'm so excited about the potential but also a bit nervous, any thoughts on this setup
ETHUSD

Replies (1)

RyanG75
RyanG75 PRO newbie Mar 6
Hey @frana967, I wouldn't get too excited about hitting 2000 just yet. We've seen this movie before, big run-up then a nasty pullback. RSI is oversold now, a small bounce is possible but I think the overall trend is still down for now. Maybe wait for a clearer signal before going long.
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