🔢 Latest data: $AVA ｜4-hour RSI(14) 75.7｜Overbought
· Definition: RSI (Relative Strength Index) was introduced by Welles Wilder in 1978. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· How to read it: RSI levels vary between different coins. More volatile coins are more likely to show extreme readings, so be cautious about applying the same benchmarks across the board.
Understanding an indicator can help you avoid being spooked by a single number—it’s not a tool for predicting whether prices will rise or fall.
· Definition: RSI (Relative Strength Index) was introduced by Welles Wilder in 1978. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· How to read it: RSI levels vary between different coins. More volatile coins are more likely to show extreme readings, so be cautious about applying the same benchmarks across the board.
Understanding an indicator can help you avoid being spooked by a single number—it’s not a tool for predicting whether prices will rise or fall.