Last time the RSI for ETHUSD fell this low was early December 2016, and that signalled the beginning of the 2017 bull run. According to Greg Morris' candlestick pattern filtering system, we're in the 'pre-signal' zone now (RSI below 30) and it's just a matter of time before we get a reversal signal. Question is: how long? I think the floor could be the 0.786...
From what I've learned of technical analysis so far, chart patterns have a habit of repeating themselves. These snapshots of BTCUSD just before the Mt. Gox collapse and now seem strikingly similar, and there are similar levels of uncertainty surrounding some of the major crypto exchanges these days due to the ongoing confusion with tether. Do these exchanges...
EOS has had a strong and slightly unexpected bull run these last few weeks. The ongoing ICO continues to release 2m new coins daily but buyers must be holding as the increased supply has done nothing to dampen demand so far. However, price appears to have topped out at around $2, and volume and RSI having been falling for the last week. Looks like a classic...