Technical analysis by fifty2kph about Symbol ETH: Buy recommendation (2/16/2022)
https://sahmeto.com/message/2532333

fifty2kph
Rank: 2156
Analytical Power:
2.1
ETHUSD W - Trendline Broken + Rejection = Bear?
:Buy
Price at Publish Time:
$3,111.19

During the 2018 move down, I must have bought into 100 pumps (and then sold 100 dumps).What can we see by (dangerously?) comparing the previous cycle with the current one on the ETHUSD weekly chart?Previous Cycle1. The long term upward trendline got broken2. Price tried to break above it again, but got rejected3. A bear market began that ended with the RSI becoming oversold (my signal to buy for the next cycle)Current Cycle1. The long term upward trendline got broken2. Price is trying to break above it again...3. ?What can you see? Any comments or discussion points, please leave in comments section.Thanks for reading.
Source Message: TradingView