Max pain scenario unfortunately for $ETH rn - however now is imo not the time to be bearish, as $ETH is approaching the highest oversold territory (RSI 1M), for a third time in history - this same signal that got me to buy $BTC at 17k!

Let's see it in more detail
One of the indicator I love most for long term investing in $ETH / $BTC is the RSI in Weekly/Monthly. It shows you how oversold/overbought an asset is. 

In case of $ETH:
If you take a look at the first pic, RSI 1M had two lowest points for $ETH in Dec 2018 and June 2022. After those 2 points, $ETH made significant rallies (60x and 4x respectively). 
Now for the third time in history, after 3 years, RSI is showing $ETH to be approaching the biggest oversold territory ever, making it one of the most juiciest entries for me for a long time hold!

How I used RSI to ape $BTC at 17k:
With the same method, using RSI in 1M TF, I caught a very good long-term entry when $BTC hit 17k. If you take a look at the second pic, you will see that this same indicator showed $BTC to be in the highest oversold territory in Jan 2023, for the third time in history! Same method, easiest play ever - if you zoom out!

I aped $BTC at 17k, and I'm heavily bidding on $ETH here for a long term hold!

Might be right, might be wrong, this is a game of probabilities. And this signal alone has been reliable 100% of the time. (I still have other confluences for aping here)

Hang tight gentlemen!
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