🐋 $ICNT 4-hour RSI is 77.6, in overbought territory.
RSI itself does not determine price, but many people watch it, and its readings influence how many of them trade.
The RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
With leveraged trading, first work out whether you can withstand the worst-case scenario before considering what the signal is saying.
RSI itself does not determine price, but many people watch it, and its readings influence how many of them trade.
The RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
With leveraged trading, first work out whether you can withstand the worst-case scenario before considering what the signal is saying.
