$RPX $RPX.X - Redpulse - Binance
Red Pulse has seen quiet the the boom over the last few days, so naturally people are beginning to sell it off. Prices briefly broke over the 50% fib line but it wasn't able to hold. The price rode the top bollinger line though the uptrend seems to be done for now. MFI was showing it being oversold, another indicator of people starting to sell off there positions, though that sell trend seems to be tapering off a little but still trending down. The 38% line was also recently broken as well though this is a short term 4 hour chart. Until volume comes back the price may continue to retrace. If the selling continues over the next few hours could dip at low as 1981 sats before a bounce. Possible bounces near 2200 or 2100 based on prior candles. All these marks may indicted buy ins but i would wait for confirmation by seeing a bullish candle form and MFI changes back to a bullish trend. IF the MFI drops below 50%, that means the bears will win and the price may not return. If your looking to get out, may be a good time to do so.
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