$CKB ｜Daily RSI(14) 83.8｜Overbought
What exactly does RSI measure? RSI is calculated using closing prices only; it doesn't take trading volume into account, and it won't reflect intraday price spikes either.
RSI is generally more effective in sideways markets, but in a one-way trend it can signal a reversal too early.
Indicators can fail, so never skip your stop-loss: thinking through what you'll do if your judgment is wrong matters more than predicting correctly.
What exactly does RSI measure? RSI is calculated using closing prices only; it doesn't take trading volume into account, and it won't reflect intraday price spikes either.
RSI is generally more effective in sideways markets, but in a one-way trend it can signal a reversal too early.
Indicators can fail, so never skip your stop-loss: thinking through what you'll do if your judgment is wrong matters more than predicting correctly.