$TRUTH Daily RSI is 78.6, entering overbought territory, with the current price at 0.02185.
Everyone, how should you read RSI? Here’s the whole idea in a nutshell 👇
In terms of calculation, RS equals the average gain divided by the average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic mean.
Overbought and oversold readings on higher timeframes usually matter more than those on lower timeframes. Lower-timeframe readings occur more often, and there’s more noise too.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a single rule.
#TRUTH
Everyone, how should you read RSI? Here’s the whole idea in a nutshell 👇
In terms of calculation, RS equals the average gain divided by the average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic mean.
Overbought and oversold readings on higher timeframes usually matter more than those on lower timeframes. Lower-timeframe readings occur more often, and there’s more noise too.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a single rule.
#TRUTH