Technical Note｜$KAIA ｜Daily RSI(14) 82.7｜Overbought
First, a definition: RSI 50 is often seen as the dividing line between strength and weakness. Staying above 50 over the long term indicates upward momentum is prevailing; below 50 suggests the opposite.
Next, how to read it: Different coins have different typical RSI ranges. Smaller coins with higher volatility are also more likely to post very high or low readings, so be cautious about applying a single threshold across the board.
The same data can mean very different things in different market conditions, so don’t blindly apply one-size-fits-all rules.
#KAIA
For reference only. Make your own independent trading decisions.
First, a definition: RSI 50 is often seen as the dividing line between strength and weakness. Staying above 50 over the long term indicates upward momentum is prevailing; below 50 suggests the opposite.
Next, how to read it: Different coins have different typical RSI ranges. Smaller coins with higher volatility are also more likely to post very high or low readings, so be cautious about applying a single threshold across the board.
The same data can mean very different things in different market conditions, so don’t blindly apply one-size-fits-all rules.
#KAIA
For reference only. Make your own independent trading decisions.