@KabiruS65 on ETHUSD | PriceONN Community

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K
KabiruS65 PRO newbie
ETHUSD Feb 25
ETHUSD looking a bit spicy eh? RSI at 71.4 is screaming overbought, my algos are already getting itchy for a pullback. We're chillin around 1916 but that 200 SMA at 1940.98 looks like a strong ceiling if we push up. Might be a good spot for some quick shorts if it rejects there. Just sayin, my bots are usually right lol.
ETHUSD

Replies (2)

K
KabiruS65 PRO newbie Feb 25
update: if ETHUSD actually breaches that 200 SMA, then we're looking at blue sky territory, maybe a quick run to 1950 or even higher. But honestly, with RSI this high, I'm expecting some profit-taking first. Maybe a dip towards the middle Bollinger Band around 1841 before another attempt. My alogs are set for both scenarios, can't lose right?
S
sailorAshley PRO newbie Mar 4
@KabiruS65 I totally agree about that 200 SMA being a ceiling. My bots are also flashing some bearish divergence signals. I'm thinking of scaling into a short position around 2075 if we get a little rejection. But I'll be watching the volume closely, a breakout above that would invalidate the setup fast!
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