Is BCH (Bitcoin Cash) OVERSOLD with RSI 85 on Daily??!! Is Wave Complete?

Hi Guys,

Noticing BCH has RSI 85 now.

Here are my comments:

1. That is crazy oversold
2. Running out of steem
3. Do you smell FOMO?
4. How much higher can it go?
5. Bearish divergence on 6 HR RSI
6. Has Wave 5 completed or more waves to go?
7. Are we ready for a 50%-62% Pullback to .125-.116?

Update 6:32AM New York Time
I added the BCHUSD chart and shoed the USD price going to $1541 when using the Fibonacci Extension tool and extending to 2.618. So my target range to complete Wave 5 is $1520-$1550.

If you are trading, try not to catch the top, you can always place STOP LIMIT orders where if the price falls below a certain point lets say $1450 and you put limit at $1450, then your order should be executed at that price.
Also previously we had gone up to $1600 before going down, which is a previous resistance. I'm thinking the price will go slightly over 2.618 and hit close to $1600 but for this post i'm keeping my target ranges below.

Let me know what you think!

Below is the BCHUSD chart showing our Wave 5 target is $1541, with larger target range of $1480-$1550.

Below is the 1D RSI Chart showing 85

Below is the 6H Day RSI Chart bearish divergence

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Disclaimer: Vaughn Pierre is not a financial advisor and only is presenting material for educational and entertainment purpses.