$JCT Daily RSI is 75.4, in overbought territory, with the current price at 0.002723.
Let's use this reading to break down RSI.
Mathematically, RS equals the average gain divided by the average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic mean.
Oversold conditions simply mean prices have fallen too quickly and sharply over this period. They may rebound afterward, or they may move sideways near the lows for a long time before recovering.
Extreme readings are usually accompanied by greater volatility, so it's better to reduce position size rather than make a large bet.
#JCT
For reference only; not investment advice.
Let's use this reading to break down RSI.
Mathematically, RS equals the average gain divided by the average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic mean.
Oversold conditions simply mean prices have fallen too quickly and sharply over this period. They may rebound afterward, or they may move sideways near the lows for a long time before recovering.
Extreme readings are usually accompanied by greater volatility, so it's better to reduce position size rather than make a large bet.
#JCT
For reference only; not investment advice.