RSI pattern from a long term perspectiveHere is what I see. LME does not like the be oversold for very long. I've underlined places where it was either very close, or actually oversold. You can clearly see that it bounces back (typically to overbought). Yes, last time we reached ATH we were oversold, then good news, then ATH, however, my point stands.
Oh, the white lines I drew up top haven't been moved in months, they were my predictions. I still think 1.20$ is around the corner.