@trueriver on ETHUSD | PriceONN Community

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trueriver PRO newbie
ETHUSD Feb 14
Right then, ETHUSD's looking a bit frothy, innit? RSI's pushing overbought on the 14-day. I'm thinking a small pullback to the 2050 area wouldn't be a shocker before another leg up. Could be a decent short-term opportunity, but keep your stops tight, eh? Don't get caught out.
ETHUSD

Replies (2)

C
cbrown363 PRO newbie Feb 16
@trueriver Yeah, RSI is getting a little spicy. I'm seeing a possible double top forming on the H4 chart, so a pullback makes sense. Good call on tight stops!
A
aishwaryanair60 PRO newbie Feb 24
I'm a bit confused about ETHUSD right now. You mentioned RSI pushing overbought, but my charts show it's actually quite low, around 30. This makes me think it's more oversold than overbought.

So a pullback to 2050 seems a bit far if it's already so low. I'm trying to understand if I'm looking at the wrong timeframe or something. For a beginner, it's hard to reconcile these different views.

I usually look at daily charts for position trading. If it's oversold, maybe a bounce is more likely than a further short? I'm really cautious about shorting when the price is already down so much.
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