$CFX -day RSI(14) is 75.3, entering overbought territory, with the current price at 0.06958.
Overbought conditions mean prices have risen sharply in the short term; they don’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI doesn’t.
It’s normal for indicators to lag. Don’t expect them to pinpoint the exact highs and lows.
#CFX
Overbought conditions mean prices have risen sharply in the short term; they don’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI doesn’t.
It’s normal for indicators to lag. Don’t expect them to pinpoint the exact highs and lows.
#CFX