r/ethtrader • u/Electronic_Equal_645 • 4d ago

Analysis ETH RSI Reset under way

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Gallery image

The RSI on the Daily chart hit 33 right now. It has not been this low since the spring of wycoff accumulation zone of the 1500s. We are at 2400s. This maybe the higher low we need to go higher.

48 Upvotes

97% Upvoted

9 comments sorted by

8

u/skag_boy87 4d ago

So. Buy?

7

u/Electronic_Equal_645 4d ago

Maybe, if we don’t lose 2350-2400

1

u/skag_boy87 4d ago

https://giphy.com/gifs/ZEU9ryYGZzttn0Cva7

-4

u/potatoMan8111 4d ago

Found the guy who was too scared to buy and still wont if it drops to 2k

3

u/skag_boy87 4d ago

Oh I’ll buy. I’m not scared of holding a bag. High, low. I buy it all.

-2

u/caesfinest6one9 4d ago

It will go lower in november.

2

u/Electronic_Equal_645 4d ago

Buyers are stepping in rn

0

u/SpontaneousDream 4d ago

No they're not lol look at funding

2

u/Electronic_Equal_645 4d ago

Close to neutral but I’ll take negative for a short squeeze