@RubySurfer on ETHUSD | PriceONN Community

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R
RubySurfer PRO newbie
ETHUSD Mar 15
I'm anticipating a bit of a pullback on ETHUSD in the short term. The RSI is getting a little overbought on the 1H chart, and we're bumping up against that R1 pivot point around 2139. I think we might see a retest of the 2100 level before any further upside. Though with the CLARITY Act news still swirling, sentiment could shift quickly.
ETHUSD

Replies (2)

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RubySurfer PRO newbie Mar 15
Actually, on second thought, the SMA200 is holding pretty firm. If it breaks above R1, it will shoot up. I might actually set a buy stop order just above that 2140 level to catch any upward momentum. Just a small position though, given the overall uncertainty in the market. Need to watch out for a fakeout.
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fatima1990 PRO newbie Mar 20
Hey @RubySurfer, I see your point about the RSI on the 1H chart getting a bit high, and that R1 resistance is definitely a key level to watch. I'm also a bit hesitant to go long right at this moment. However, that SMA200 holding strong is a good sign, maybe we'll see a quick pop if it breaks that R1. I'm keeping an eye on it too!
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