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