Historically RSI at 50 points was important resistance for big corrections and local downtrends. Latest events confirmed that we really should be again in long term bull market. I've made some calculations based on previous history and in use since our last step over 50 points of RSI.
OPEN is opening price on a first candle when RSI crossed over 50 points
CLOSE is closing price on a first candle when RSI crossed below 50 points
OPEN 7,58 USD | 54.9306 RSI
CLOSE 277,00 USD | 47.0830 RSI
+3554,35%
OPEN 200.82 USD | 51.9036 RSI
CLOSE 295.81 USD | 43,1649 RSI
+47,30%
OPEN 296,67 USD | 54,0711 RSI
CLOSE 1035,00 USD | 48,8298 RSI
+248,87%
OPEN 429,74 USD | 53,1573 RSI
NOW 717,94 USD | ---
+66,99
If used in all situations there would be few small mixed signals between these main big waves but loss (if any) would be irrelevant.
OPEN is opening price on a first candle when RSI crossed over 50 points
CLOSE is closing price on a first candle when RSI crossed below 50 points
OPEN 7,58 USD | 54.9306 RSI
CLOSE 277,00 USD | 47.0830 RSI
+3554,35%
OPEN 200.82 USD | 51.9036 RSI
CLOSE 295.81 USD | 43,1649 RSI
+47,30%
OPEN 296,67 USD | 54,0711 RSI
CLOSE 1035,00 USD | 48,8298 RSI
+248,87%
OPEN 429,74 USD | 53,1573 RSI
NOW 717,94 USD | ---
+66,99
If used in all situations there would be few small mixed signals between these main big waves but loss (if any) would be irrelevant.
Comment:
Ethereum is getting stronger and stronger against Bitcoin with a big chance of replacing it as a main crypto. It's possible even this year, we are building up a massive flag on ETH/BTC.
Comment:
Trade active:
Looks like we really might end current trend. Will reduce ETH if RSI will fall below 50 points in closing price. Crossing with slower MA will be a definitive signal.