Long ETH

٢١ مايو ٢٠٢٠

I just made some calculations regarding to historical values of RSI on the 5min chart of ETH. My conclusion is that historically (sample size of about 10 so don’t take this for granted yet) if you long the close after RSI has crossed under 30, in average the price will rise about 5,6$ if you wait until RSI closes again above 70. This took in average around 9h. Better yet, if the RSI had closed under 30 twice without reaching 70 in between (like now), the second time seemed to have even better ROI. Additionally there is a bullish divergence on the RSI as you can see.