@hiker780 on ETHUSD | PriceONN Community
Watching this ETHUSD chart during the Tokyo session. We've seen a pretty aggressive run-up, pushing RSI well into overbought territory above 80. The price is currently sitting around the R1 pivot point at 2389. It feels like we're due for a pullback, especially with how stretched things are on the hourly. A break below the 2323 pivot could confirm some short-term weakness.
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Actually, on second thought about that potential pullback on ETHUSD. While RSI is screaming overbought, the overall trend is so strong right now. The 20, 50, and 200 SMAs are all pointing upwards, with the price sitting well above them. This could be a classic case of 'overbought and going higher.' I'm still eyeing that 2323 pivot as a potential short-term floor, but if we see volume pick up on a move above R1, I might just jump in long. The news about that crypto platform rollout could be adding some underlying buying pressure that the RSI isn't fully capturing yet.