🔍 Data: $ICNT | 4-hour RSI(14) 80.3 | Overbought
· Definition: RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· Common interpretation: The usual RSI ranges vary across cryptocurrencies. Smaller coins with higher volatility also tend to hit extreme readings more often, so be cautious about applying the same standard to all of them.
Understanding an indicator helps you avoid being spooked by a single number; it isn't a way to pinpoint tops and bottoms.
#ICNT
· Definition: RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· Common interpretation: The usual RSI ranges vary across cryptocurrencies. Smaller coins with higher volatility also tend to hit extreme readings more often, so be cautious about applying the same standard to all of them.
Understanding an indicator helps you avoid being spooked by a single number; it isn't a way to pinpoint tops and bottoms.
#ICNT