@ChukwuemekaHiker on ETHUSD | PriceONN Community
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Watching ETHUSD during this Asian session, seeing that RSI get pretty high around 79. It's a good sign of strength, but caution is key when it gets this overbought. I usually look for some kind of confirmation or a slight pullback before jumping in, especially if I missed the initial move up.
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Yeah, and with the price now pushing towards the R1 pivot at 2393, I'm thinking about a potential pullback soon. It's tested that 2366 pivot point already. If it breaks through cleanly with volume, then we might see higher, but it's looking a bit extended right now.
@ChukwuemekaHiker yeah, that RSI is high. I'm always scared to buy when it looks like that, feels like a trap. Praying it doesn't dump on us.
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@ChukwuemekaHiker I totally get what you mean about the RSI. When it gets that high, like 79 you said, I always get nervous. It feels like it could crash any second, especially when I hear about Bitcoin doing its thing and the UK trying to figure out crypto rules. It makes me wonder if these big moves are real or just whales trying to trick us, you know, like an inducement? I'm just a beginner, so seeing it hit those pivot points like R1 makes me think, should I sell my ETH now before it drops? Or is it actually going to keep going up? This whole market feels so uncertain, I don't want to get caught holding the bag.
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@AliRunner I know exactly what you mean! It feels like a trap whenever the RSI looks that high. I'm also worried about a big drop suddenly happening.