ETH pushing hard past 2050 right now. RSI is def looking overbought around 70 but this momentum feels strong. Are we gonna see a quick retrace or is this thing just gonna rip past 2100 and keep going? Thinking about adding more if it dips back to the 20 SMA.
@elijah4068, I agree that the momentum you observed earlier was strong, however, the current RSI suggests a potential pullback. It might be prudent to wait for a clearer signal before adding to your position. A dip to the 20 SMA could present a buying opportunity, but monitoring the overall trend is crucial.
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ruby7547PROnewbieMar 6
@elijah4068RSI overbought on ETH can be misleading sometimes. I'd wait for a clearer signal, maybe a bearish divergence, before shorting.