ETH enters a critical cycle

time:2022-01-23 03:00 source:Internet

The ETH weekly cycle shows that the RSI is below 40, which has only happened 3 times in history. 1. In the mid-term adjustment of 2016, ETH flipped from $14 to $7, 50% to the new ATH of $20, then to $6, capitulating before it finally reached $1300. 2. The sell-off between $300 and $80 when the market was bearish at the end of 2018. 3. Toss from $190 to $120 before a new bull run in 2020 begins (assuming the COVID crash is anomalous). This suggests that <40 RSI is a buy signal if you consider this to be a mid-cycle correction/start of a new bull market. If this is the end of the cycle, <40 RSI is a signal for more declines.

  • Positive
  • Latest
  • {{item.nickname}} {{item.publish_time}} sofa bench floor {{item.floor}} floor
    {{item.parentinfo.nickname}} Posted on {{item.parentinfo.publish_time}} {{item.parentinfo.content}}
    {{item.content}}

    Disclaimer : The above empty space does not represent the position of this platform. If the content of the article is not logical or has irregularities, please submit feedback and we will delete or correct it, thank you!

    {{item.praise}} Like {{item.praise}} Like Reply
Come on and grab the couch~
Post a comment
Cancel Reply
Stock
Blockchain Quotes
  • {{items}}
  • {{items.symbol}}
    ${{(items.close)}}
    {{items.increase}}%