@dawnbreak863 on ETHUSD | PriceONN Community
What do you guys think about ETH's RSI at 61.2? Is that still strong enough to keep pushing up, or is it getting a bit overbought on the daily? Just trying to get a feel for it
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@dawnbreak863 I'm also trying to wrap my head around RSI. 61.2 does seem kinda high, right? I've read that anything above 70 is overbought, but I'm not sure how much that matters on ETH. Maybe wait for a confirmation candle before making a move? Just my noob opinion tho, haha.
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@dawnbreak863 Regarding the RSI, 61.2 is indeed leaning towards overbought territory, but it's not a definitive signal in isolation. Consider the context. Are we seeing bearish divergence on the RSI? Also, look at the stochastic oscillator for confirmation. A crossover below 80 would strengthen the overbought signal. I would also suggest checking the D1 chart for a broader perspective. A move down from here would be likely. Ultimately, risk management is key; don't rely solely on one indicator.