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Technical analysis by fifty2kph about Symbol ETH: Buy recommendation (1/1/2022)

https://sahmeto.com/message/2532336
fifty2kph
fifty2kph
Rank: 2156
2.1

ETHUSD - When to Start Selling? (Monthly 3MA, RSI & MACD)

:Buy
Price at Publish Time:
$3,769.7
Buy،Technical،fifty2kph

This is not financial advice blah blah blah and happy new year to all.Observations from the Monthly ETHUSD Chart+ The MACD histogram has been stuttering since the first time ETH hit around $2,500; the main drive was from $70~$2,500 it would seem.+ The MACD 12MA (blue) has already flattened so maybe the tide is turning.+ The RSI-based MA has flattened suggesting upward momentum has slowed down.+ The RSI has been making lower highs and lower lows since around $2,500 suggesting slowing momentum.+ If history is anything to go by, starting to sell when the monthly RSI makes a higher low after the peak seems a good idea.+ The 3MA (applied due to quarterly logic?) seems to also show long term local or whole market cycle tops.Any comments or thoughts, please share below in the comments.Cheers.

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