🐋 $ICNT 4-hour RSI is at 80.3, in overbought territory, with the current price at 0.236.
RSI itself doesn't drive prices, but many people watch it, and its readings influence some people's decisions.
When Wilder first introduced RSI, he used it in commodity markets. Now it's built into almost every charting app.
RSI is generally more effective in sideways markets, but in one-way trends it can signal reversals too early.
Indicators can be wrong, but risk management shouldn't be skipped: deciding in advance what to do if your judgment is wrong matters more than guessing whether you'll be right.
RSI itself doesn't drive prices, but many people watch it, and its readings influence some people's decisions.
When Wilder first introduced RSI, he used it in commodity markets. Now it's built into almost every charting app.
RSI is generally more effective in sideways markets, but in one-way trends it can signal reversals too early.
Indicators can be wrong, but risk management shouldn't be skipped: deciding in advance what to do if your judgment is wrong matters more than guessing whether you'll be right.