$SIREN ｜4-hour RSI(14) 76.2｜Overbought
Before discussing capital flows, let’s first understand RSI.
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it covers exactly two weeks.
RSI is calculated from historical prices and reflects the strength of past price movements. It can’t tell us what will happen next.
It’s safer to look for confirmation from multiple indicators than to rely on just one, but even more signals can’t provide a definite conclusion.
Markets involve risk. Enter with caution.
Before discussing capital flows, let’s first understand RSI.
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it covers exactly two weeks.
RSI is calculated from historical prices and reflects the strength of past price movements. It can’t tell us what will happen next.
It’s safer to look for confirmation from multiple indicators than to rely on just one, but even more signals can’t provide a definite conclusion.
Markets involve risk. Enter with caution.