hey everyone, ethusd is looking super bullish today but i saw the rsi is almost 79 which is pretty overbought right? i'm trying to learn about reversal patterns for swing trades. does anyone think this huge pump can keep going or is a pullback likely soon. what are your thoughts on this
update: i'm still trying to figure out if this is a good entry for a swing trade or if i should wait. on one hand, the price is way above the 20 and 50 SMAs, which usually means strong uptrend right? but then the bollinger bands are also showing price near the upper band, which sometimes means it's stretched too far. it's so confusing when indicators give different signals lol. i'm thinking about waiting for a clear candlestick pattern to form, like a bearish engulfing or something, before i even consider a short. i really want to catch a good pullback for a swing long but not sure when to jump in. this is harder than i thought.
