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