🧮 $CKB daily RSI is 83.8, in overbought territory.
【Term explained】What is RSI?
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours), while on a daily chart, it covers exactly two weeks.
RSI is calculated from historical prices. It describes the strength of price movements that have already occurred, but cannot tell us what will happen next.
All data only summarizes market movements that have already happened; the market could move in the opposite direction at any time.
#CKB
【Term explained】What is RSI?
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours), while on a daily chart, it covers exactly two weeks.
RSI is calculated from historical prices. It describes the strength of price movements that have already occurred, but cannot tell us what will happen next.
All data only summarizes market movements that have already happened; the market could move in the opposite direction at any time.
#CKB