@CJackson88 on ETHUSD | PriceONN Community
C
I'm finding it difficult to reconcile the RSI readings with the recent price action. ETH is clearly overbought according to the RSI at 72, yet the price continues to push higher, breaking above resistance levels. The SMAs are all below the current price, indicating a strong bullish trend on the daily chart, but this divergence is making me hesitant to commit to a large position right now.
Replies
@CJackson88 Yeah, I get what you mean about the RSI being high but the price still going up. It's confusing. I just see the numbers going up and get a bit nervous I missed something.