Bearish RSI divergence. Short term sell off likely.

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.

Commentaire:

Perfect execution. Price hit 50MA and bounced. No indication of the sell off being done, but took some profits.