$SHELL | What RSI Actually Is
RSI stands for Relative Strength Index, but a simpler way to understand it is as a gauge of price momentum, showing which way recent upward and downward movements are leaning. It uses a scale from 0 to 100.
On SHELL’s current daily chart, RSI(6) reads 40.16, calculated based on the gains and losses of the most recent 6 daily candles.
A reading closer to 0 usually means recent movement has leaned more toward declines; closer to 100 means it has leaned more toward gains. 40.16 is slightly below the midpoint of 50.
#SHELL #CryptoLearning #Momentum
RSI stands for Relative Strength Index, but a simpler way to understand it is as a gauge of price momentum, showing which way recent upward and downward movements are leaning. It uses a scale from 0 to 100.
On SHELL’s current daily chart, RSI(6) reads 40.16, calculated based on the gains and losses of the most recent 6 daily candles.
A reading closer to 0 usually means recent movement has leaned more toward declines; closer to 100 means it has leaned more toward gains. 40.16 is slightly below the midpoint of 50.
#SHELL #CryptoLearning #Momentum