Arnaud SAINT-MARTIN
@anou91
What is RSI in cryptocurrency? RSI (Relative Strength Index) is a technical analysis indicator used to assess the strength and speed of an asset's price change. In cryptocurrencies, the RSI helps traders determine when an asset may be overbought or oversold, thereby indicating possible trend reversals. Main characteristics of the RSI: 🔵 Range 0 to 100: RSI values range from 0 to 100. Generally, levels above 70 are considered overbought (which may indicate the price is too high and could fall), while Levels below 30 are considered oversold (which may indicate the price is too low and could rise). 🔵 Overbought and Oversold: When the RSI exceeds 70, it signals a possible overbought condition. If the RSI drops below 30, it may indicate an oversold condition. Trend reversals are possible at these levels. 🔵 Time Settings: The standard RSI time frame is usually 14 days, but traders can adjust the settings according to their strategies and trading horizon.
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Arnaud SAINT-MARTIN
@anou91
Part 2/2: 🔵 Buy and Sell Signals: Traders often use RSI levels in combination with other indicators to make decisions. For example, if the RSI crosses the 30 level from low to high, it can be a buy signal, while crossing the 70 level from high to low can be a sell signal. 🔵 Divergences: A divergence between the RSI and price can indicate an imminent trend reversal. For example, if the price is increasing but the RSI is decreasing, this may be a sign of a weakening trend and a possible price decline. CryptoFam #Crypto #cryptofam
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Muhammad Sadiq
@olalee
Educative, thanks for sharing.🥰
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Garam
@garamkose
GM dear fren 🤩✌🏼
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Freedom
@dreamworks
Gm! Jai pas de strategie… c’est pour ceux qui ont pas confiance les stratégies ! 🤣
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