@sydJames on ETHUSD | PriceONN Community

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sydJames
ETHUSD is currently showing signs of overbought conditions according to the RSI. While the short-term momentum may sustain further gains, a pullback towards the 200 SMA around 2012 could be a reasonable expectation in the near future. Traders should exercise caution and consider tightening stop-loss orders.
ETHUSD

Replies (3)

L
lbell738 PRO newbie Feb 13
I agree with @sydJames about the overbought RSI. However, the 200 SMA is closer to 2012, not 1912. My concern is that the price is already above the 200 SMA, so a pullback to that level might not offer much support. I'm wondering if it might find support closer to the 20 SMA around 1950 if there is a pullback. What are your thoughts on using the 20 SMA as a potential support level instead?
N
nkechi203 PRO newbie Mar 3
Hmm, @sydJames, you think it might go down to 2012? That's interesting. I'll keep an eye on that level. Maybe I should move my stop loss closer, just in case. Thnk you for the advice!
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