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FinCodeToad

Bearish RSI divergence. Short term sell off likely.

Short
XTZ (BITFINEX:XTZUSD)  
FinCodeToad Updated   
BITFINEX:XTZUSD   XTZ
Trend Analysis Technical Indicators
3
9
trendanalysis indicator
XTZ/USD is showing bearish divergence in the RSI. After a nice run up to $1.12 you can see that XTZ/USD placed higher highs well the RSI place lower Highs. This divergence is usually a good sign of a potential sell off. I would expect a return to the 50MA at minimum before further upside.
Comment:
Perfect execution. Price hit 50MA and bounced. No indication of the sell off being done, but took some profits.
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