$GTC Daily RSI is 75.1, in overbought territory, with the current price at 0.2892.
Let’s use this number as a chance to talk about RSI.
Wilder originally designed RSI for commodity markets, and these days almost every market analysis tool comes with this indicator.
Oversold simply means that prices have fallen too quickly and sharply recently. They may recover afterward, or they may consolidate near the lows for a while before choosing a direction.
Don’t change your plan based on a single number, and don’t use borrowed money to test a judgment.
#GTC
Let’s use this number as a chance to talk about RSI.
Wilder originally designed RSI for commodity markets, and these days almost every market analysis tool comes with this indicator.
Oversold simply means that prices have fallen too quickly and sharply recently. They may recover afterward, or they may consolidate near the lows for a while before choosing a direction.
Don’t change your plan based on a single number, and don’t use borrowed money to test a judgment.
#GTC