$CKB Daily RSI(14) is 83.8, deep in overbought territory, with the current price at 0.002078.
Overbought means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. What’s more worth watching is bearish divergence—the price makes a new high, but RSI doesn’t.
The few candlesticks after the signal appears are more convincing than the signal itself.
Take it as food for thought, not a buy recommendation. Make your own decisions.
Overbought means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. What’s more worth watching is bearish divergence—the price makes a new high, but RSI doesn’t.
The few candlesticks after the signal appears are more convincing than the signal itself.
Take it as food for thought, not a buy recommendation. Make your own decisions.