What is RSI indicator Technical analysis crypto currency

in #introduceyourself • 7 years ago (edited)

RSI Stand for Relative Strength Index developed by J. Welles Wilder, is an energy oscillator that measures the speed and change of worth movements. The RSI oscillates between 0 and a 100.Historically the RSI is considered overbought when over 70 and oversold once below 30. Signs can be produced by searching for divergences and disappointment swings.
RSI can also be used to identify the general trend.
rsi.png

Over Bought:
An extended worth move to upper side. when price reaches these extreme levels, a reversal is possible.RSI can be used to make sure a reversal

Over Sold:
An extended worth move to Down side. when price reaches these extreme levels, a reversal is possible.RSI can be used to make sure a reversal
over.png

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7 years ago in #introduceyourself by
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