RSR has been rising like its has no resistance recently climbing all the way up to 0.005847! RSI is way overbought and it just keeps on crushing it. TradingView indicator shows it as a "BUY" but i am not sure if it will consolidate and go down after this huge move?!?! What do you think?
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Overbought means nothing if demand keeps being high, It's only when people stop buying and start holding or even selling when the price will stagnate/dip.
HuobiGlobal
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@Siriuszbusiness, Agree but overbought is an indicator that could mean it may near correction.
Siriuszbusiness
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@HuobiGlobal, I looked at the tweezer top for the correction confirmation to sell a little bit then gonna try to buy into it at a lower price.