Solana (SOL) Seems Overbought Towards Ethereum (ETH); BTC-Gold (XAU) Ratio Caught in a Downtrend

Solana (SOL) Seems Overbought Towards Ethereum (ETH); BTC-Gold (XAU) Ratio Caught in a Downtrend

by Jeremy

Some savvy merchants see an overbought RSI, particularly on longer period charts, as an indication of bullish stable momentum or proof of the trail of least resistance being on the upper facet. Because the adage goes, the RSI can keep overbought longer than bears can keep solvent.

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