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Technical analysis by TorchBay about Symbol ETH: Buy recommendation (6/12/2021)

https://sahmeto.com/message/2747378
TorchBay
TorchBay
Rank: 7866
1.5

First Big Drop 2017 vs 2021 -- Ethereum 4hr

:Buy
Price at Publish Time:
$2,372.48
Buy،Technical،TorchBay

Comparing todays 4hr chart vs 2017's "First big drop" chart. Look at the similarities. Today's RSI is not as strong as in 2017's, but still expecting a bull continuation by the monthly close. Waiting for the 50/200 MA cross before long confirmation.4 hr 50/200 MA cross just happened.

Source Message: TradingView
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