@sabamirza49 on ETHUSD | PriceONN Community

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sabamirza49
sabamirza49 PRO newbie
ETHUSD Feb 25
ETHUSD is showing strength but the RSI is getting high, near 65. This often signals it might be overbought soon. I'm not convinced this rally is sustainible for a long-term position. Need to see it hold above the 1880 area (SMA20) for more confidence.
ETHUSD

Replies (1)

JackFisher
JackFisher PRO newbie Mar 1
@sabamirza49, I see what you mean about the RSI. It's definitely getting up there. But with this momentum, are you thinking of shorting it soon? I'm a scalper so I might try a small short if it breaks 2030 but I'm a bit scared of getting burned.
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