$BLESS Daily RSI(14) is 80.8, in deeply overbought territory, with the current price at 0.01338.
Overbought conditions mean prices have risen sharply in the short term, but don’t necessarily mean a top is imminent: in a strong market, RSI can stay above 70 for a long time. What’s more worth watching is bearish divergence—the price makes a new high, but RSI does not.
A single indicator can be misleading; it’s more reliable to consider trading volume and market structure together.
#BLESS
Overbought conditions mean prices have risen sharply in the short term, but don’t necessarily mean a top is imminent: in a strong market, RSI can stay above 70 for a long time. What’s more worth watching is bearish divergence—the price makes a new high, but RSI does not.
A single indicator can be misleading; it’s more reliable to consider trading volume and market structure together.
#BLESS
