21d ago (edited) in General discussion
Relative Strength Index 馃搲
Ever noticed RSI on your chart but not sure what it means?
The Relative Strength Index (RSI) is an indicator that tells us how fast and how much a coin's price is changing. It helps you figure out if a coin is overbought (priced too high) or oversold (priced too low), signaling possible price corrections to occur.
RSI values range from 0 to 100, with readings above 70 suggesting overbought conditions and below 30 indicating oversold conditions. By using RSI, traders can spot potential trend reversals and make smarter buy or sell decisions.
Check out the graphic below to learn how to use RSI to spot trends and make informed decisions!
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Relative Strength Index 馃搲
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