$JCT Daily RSI is 75.3, entering overbought territory.
Let’s use this data to talk about RSI.
The RSI for the same coin can vary quite a bit across different timeframes: when it’s elevated on a shorter timeframe, it may still be neutral on a longer one.
During a strong uptrend, RSI can stay above 70 for quite a while; during a sustained downtrend, it can remain below 30 for a long time. Overbought or oversold doesn’t mean a reversal is imminent.
Learning to read indicators is easy. The hard part is sticking to your rules when emotions run high.
This is for discussion only. You are responsible for your own gains and losses.
Let’s use this data to talk about RSI.
The RSI for the same coin can vary quite a bit across different timeframes: when it’s elevated on a shorter timeframe, it may still be neutral on a longer one.
During a strong uptrend, RSI can stay above 70 for quite a while; during a sustained downtrend, it can remain below 30 for a long time. Overbought or oversold doesn’t mean a reversal is imminent.
Learning to read indicators is easy. The hard part is sticking to your rules when emotions run high.
This is for discussion only. You are responsible for your own gains and losses.