@AsifD39 on ETHUSD | PriceONN Community

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A
The current bullish momentum in ETHUSD is quite strong, pushing past the upper Bollinger band. However, with RSI at 86.8, it is significantly overbought on the daily chart. This suggests that a corrective pullback or consolidation might be imminent before further upward movement can be sustained. For swing trading, I'd prefer to wait for a better entry point, perhaps closer to the 20-SMA around 1918.
ETHUSD

Replies (1)

J
JessicaM99 PRO newbie Feb 26
@AsifD39 I agree with your assessment of the overbought RSI. A corrective move is plausible. However, the strength of the underlying trend, supported by the 50 and 200 SMAs, suggests any pullback may be limited. I'm looking for buying opportunities on dips.
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