RSI has been a leading indicator for SPELL since December. While 4H shows it somewhere in the lower middle, 12H and 1D both show RSI at the moving into deeply oversold territory. Other coins are showing greater strength against BTC right now, but SPELL is a young coin and as such seems very sensitive to the large caps. This also corresponds with my hopes that SPELL will push through this current zone and close above $0.0156.
Comment:
I've highlighted times the RSI gave us pattern indications of a trend reversal. No such pattern exists right now.
