RSR - Short -bearish divergence short term
RSR has been experiencing very strong buying momentum over the course of the past days, galvanized by the upcoming mainnet launch at beginning of October.
Price action has been generating higher highs, reaching top of >0.0085.
RSI and MACD have been crunching lower highs instead, suggesting we might experience a bearish divergence which can push prices lower in the short term.
Please note that the token might experience high volatility given the mainnet launch as market will follow the old adage, buy the rumour sell the news.
Would position with a short, but with tight stop loss
Price action has been generating higher highs, reaching top of >0.0085.
RSI and MACD have been crunching lower highs instead, suggesting we might experience a bearish divergence which can push prices lower in the short term.
Please note that the token might experience high volatility given the mainnet launch as market will follow the old adage, buy the rumour sell the news.
Would position with a short, but with tight stop loss