Gold Monthly vs. Ethereum Weekly Comparison
As my ex-stock market trader boss told me a few years ago: "it always tests twice".
A clear comparison can be made between the gold monthly and ethereum weekly charts; human psychology never changes. We can see very similar patterns on different time frames in different markets; fascinating.
Looks like ethereum is heading upto the previous ATH of $1,383 and the RSI back this up. I think most people involved in cryptocurrency would say this is expected without looking at any charts.
A clear comparison can be made between the gold monthly and ethereum weekly charts; human psychology never changes. We can see very similar patterns on different time frames in different markets; fascinating.
Looks like ethereum is heading upto the previous ATH of $1,383 and the RSI back this up. I think most people involved in cryptocurrency would say this is expected without looking at any charts.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.