White metal (silver) printed a potential bearish reversal setup last Friday. The 14-week RSI divergence against the October peak is quite telling—normally you'd expect this to matter. But here's the thing: this looks more like we're running straight into an exhaustion peak, which is why I'm skeptical the bearish signals will actually pan out.
The 14-week RSI closed at 84.24, sitting at elevated levels that suggest overbought conditions. That said, extended rallies into blow-off tops can sustain these extreme readings longer than traditional mean reversion would suggest. Worth monitoring, but don't be surprised if price pushes even higher before rolling over.
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NftRegretMachine
· 18h ago
If Silver really drops this time, I won't call it the NFT Regret Machine anymore.
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SybilSlayer
· 18h ago
This move in Silver is really interesting. The RSI is already at 84, and it still needs to keep pushing? I think this is just to shake out all the retail investors.
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LiquidityHunter
· 18h ago
Silver looks like it's about to drop this wave, but I think it will probably surge again... RSI is so high, it's indeed risky, but it's common to see this kind of behavior when it's blowing a top.
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MerkleMaid
· 18h ago
This wave of silver looks a bit weak, RSI has already soared to 84, and it still wants to push higher? It feels like it's about to explode.
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ForkPrince
· 19h ago
This wave of silver is really crazy, RSI is already at 84 and still soaring, it feels like it's about to explode.
White metal (silver) printed a potential bearish reversal setup last Friday. The 14-week RSI divergence against the October peak is quite telling—normally you'd expect this to matter. But here's the thing: this looks more like we're running straight into an exhaustion peak, which is why I'm skeptical the bearish signals will actually pan out.
The 14-week RSI closed at 84.24, sitting at elevated levels that suggest overbought conditions. That said, extended rallies into blow-off tops can sustain these extreme readings longer than traditional mean reversion would suggest. Worth monitoring, but don't be surprised if price pushes even higher before rolling over.