SC coin has recently risen quite fast, and is nearing its resistance at 0.00000219 btc . If it can break this resistance with good volume , then it can reach next targets at 0.00000340 an 0.00000490. MACD is switching to buy indication, but RSI is overbought - might take some time to give signal.
Setting alerts for price and RSI combination should give you the trigger. All the best!
Price broke through resistance, but RSI still overbought - waiting on sidelines for some time to monitor RSI
Hey - great analysis. Got in earlier because I noticed the same patterns. I also noticed that the RSI on the 1 day and shorter time intervals. What do you think that means? Big jump then quick reversal?
@benjihyam, I think the overbought RSI indicates that market doesn't have enough buyers/buying pressure - so the price will either drop in short term or stay range-bound. I would wait for RSI to become neutral before jumping in.
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