$AVA Daily RSI is 83.2, in overbought territory.
Let's talk about what this number tells us.
The RSI for the same coin can vary considerably across timeframes: it may be high on a shorter timeframe while still sitting in the middle of the range on a longer one.
Overbought and oversold readings on the daily chart generally carry more weight than those on the 4-hour chart. Readings occur more frequently on the 4-hour chart, and false signals are just as common.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the indicator is telling you.
Let's talk about what this number tells us.
The RSI for the same coin can vary considerably across timeframes: it may be high on a shorter timeframe while still sitting in the middle of the range on a longer one.
Overbought and oversold readings on the daily chart generally carry more weight than those on the 4-hour chart. Readings occur more frequently on the 4-hour chart, and false signals are just as common.
With leveraged positions, first work out whether you can withstand the worst-case outcome, then consider what the indicator is telling you.