DeepOnion (ONION) Above 200 Day MA For First Time Ever - Where Next?

[dragononcrypto]

This 30% gain today against BTC is what's known as a "textbook breakout" above the 200 Day MA, as shown by the golden line. ONION/BTC is now above all short, mid and long-term moving averages (20,50,100,200). This is typically considered the sign of a healthy market, following the likes of Litecoin, Binance Coin, Tron and Maker.


 
As you can see from the following screenshot, this is the first time ever ONION/BTC has closed above the 200 Day, after coming close twice last month.
This occurred yesterday, hence today's high-volume breakout no doubt.



Is this a good time to buy? As you can see from the screenshot below, the RSI (Relative Strength Index) is registering 75 - the highest it has been since January 9th 2018, over a year ago.



An asset with an RSI over 70 is considered overbought. So in the short-term probably not, in the long-term, it could well be a good buying opportunity. ONION is also above the 200 Day MA against USD (at approximately $0.24), although I don't have any up-to-date screenshots to prove it (stupid Binance).

More info: https://deeponion.org