The RSI, or Relative Strength Index, is an essential technical indicator for analyzing cryptocurrencies, helping to identify overbought or oversold conditions in the volatile crypto asset market.
Values above 70 or below 30 can already indicate selling or buying, respectively. To be more theoretical, the RSI should be aligned with other indicators and/or theories to minimize losses and maximize gains.
In the image I am showing, both RSIs, marked in purple, were low at 15 (5-minute candlestick chart).
Shortly thereafter, the crypto asset experienced an increase of +2% in both cases.
Even with the lateralization of the chart, profits could be ~+5%.
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