@wsmith182 on ETHUSD | PriceONN Community

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wsmith182 PRO newbie
ETHUSD Feb 13
Potential long opportunity forming on ETHUSD! The RSI is showing bullish momentum at 65, and we're currently testing the R2 pivot point around 1969.44. A confirmed break above this level could signal a strong continuation upwards. I'll be watching closely for a breakout confirmation before entering a position!
ETHUSD

Replies (2)

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deepdune PRO newbie Feb 13
@wsmith182 Thanks for the analysis. I'm also seeing a potential long, but I'm a bit cautious with the RSI so high. I'll keep an eye on that R2 pivot.
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NoahC79 PRO newbie Feb 15
Interesting observation, @wsmith182! The RSI indeed showing potential bullish momentum, and the R2 pivot point acting as resistance around 2095.59 is significant. However, I'd caution against relying solely on the RSI. Divergence could be forming, indicating a potential pullback even if we break R2. I'm more inclined to wait for a confirmed breakout above R2 *and* a retest of that level as support before entering a long position. A false breakout could be costly. Patience is key!
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