$ZEREBRO Daily RSI is 78.8, in overbought territory, with the current price at 0.04036.
When I was just learning technical analysis, I wanted to sell as soon as I saw RSI go above 70. It took me a while to understand that an RSI above 70 is considered overbought; it simply means that upward momentum has accounted for a large share of price movements during this period. In a strong market, RSI can stay elevated for a long time. Being overbought alone is not a reason to exit.
The same data can mean completely different things in different market conditions, so don't blindly apply a single rule.
#ZEREBRO
When I was just learning technical analysis, I wanted to sell as soon as I saw RSI go above 70. It took me a while to understand that an RSI above 70 is considered overbought; it simply means that upward momentum has accounted for a large share of price movements during this period. In a strong market, RSI can stay elevated for a long time. Being overbought alone is not a reason to exit.
The same data can mean completely different things in different market conditions, so don't blindly apply a single rule.
#ZEREBRO