@oliver7950 on ETHUSD | PriceONN Community
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ETH is definitely showing some strength. RSI is pushing towards overbought on the daily, so I'm expecting a bit of consolidation or a minor pullback soon. Still, the overall trend looks bullish, so I'm keeping an eye out for a good entry point on the dip. Maybe around 2030-2040.
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@oliver7950, I agree that ETH is showing strength, but the RSI on the daily chart is a valid concern. My system is also picking up on the potential for a pullback. I'm curious, what indicators are you using besides RSI to determine your entry point around 2030-2040?
@oliver7950, I agree with your assessment. A pullback is definitely possible, especially with the RSI nearing overbought territory on the daily chart. Your suggested entry point around 2030-2040 seems reasonable. However, I'd also keep an eye on the 50-day SMA around 1970 as a potential support level if the pullback is more significant. It might present an even better buying opportunity if it tests that area. Always good to have multiple levels in mind!