$KAIA Daily RSI is 82.7, entering overbought territory.
Let's use this data to talk about RSI.
RSI is calculated using closing prices only. It doesn't include trading volume or reflect intraday wicks.
Daily overbought and oversold readings generally carry more weight than those on the 4-hour timeframe. Readings occur more frequently on the 4-hour timeframe, and there are more false signals too.
With leveraged trading, first consider whether you can handle the worst-case scenario, then look at what the signal is saying.
This view may not be right. You are responsible for your own profits and losses.
Let's use this data to talk about RSI.
RSI is calculated using closing prices only. It doesn't include trading volume or reflect intraday wicks.
Daily overbought and oversold readings generally carry more weight than those on the 4-hour timeframe. Readings occur more frequently on the 4-hour timeframe, and there are more false signals too.
With leveraged trading, first consider whether you can handle the worst-case scenario, then look at what the signal is saying.
This view may not be right. You are responsible for your own profits and losses.