The Trust Wallet Token hit our 1.65000 target (chart at the bottom) much quicker than we anticipated and naturally turned extremely overbought on the 1D timeframe (RSI = 92.623, MACD = 0.152, ADX = 53.524). This 1D RSI is the heighest in TWT's history. If that alone isn't a sell signal, the 1D Golden Cross that was completed on Saturday is one.
Even though that...
TWTUSD has crossed today over both the 1D MA50 and MA100 with force turning overbought technically on the 1D timeframe (RSI = 72.444, MACD = 0.001, ADX = 22.204). It hasn't closed a candle over the 1D MA100 since January 29th 2023, so today's closing may be vital for the long term. Even though the 1D MA200 looms just under the R1 level (0.9885), we believe that...
