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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