@timothythomas on ETHUSD | PriceONN Community
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I've been watching ETHUSD closely and the current price action around 2075 is interesting. We've got a clear bullish trend with all the key SMAs (20, 50, 200) stacked in a strong uptrend, which is great for long-term conviction. However, the RSI at 71.1 suggests we're pretty extended in the short term. I'm wondering if this is a good spot for some profit-taking for those who entered lower, or if we should expect a continuation towards the upper Bollinger band around 2140-2150. What's the consensus on whether we'll see a healthy retracement back towards the 20-day SMA at 2019 before making another leg up, or if this momentum will just power through? Always tricky deciding when to add to a winning position.