$W Daily RSI(14) is 87.8, in deeply overbought territory, with the current price at 0.02945.
An overbought reading means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can remain above 70 for a long time. What’s more worth watching is bearish divergence: the price makes a new high, but RSI doesn’t.
Signals are more reliable when multiple timeframes align.
#W
An overbought reading means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can remain above 70 for a long time. What’s more worth watching is bearish divergence: the price makes a new high, but RSI doesn’t.
Signals are more reliable when multiple timeframes align.
#W