š $AIN daily RSI is 76.4, in overbought territory.
RSI itself does not drive prices, but many people watch it, and its reading influences some peopleās decisions.
RSI 50 is often treated as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum has the upper hand; below 50, the opposite is true.
Rare readings often come with greater volatility. At such times, itās better to reduce your position rather than add to it.
RSI itself does not drive prices, but many people watch it, and its reading influences some peopleās decisions.
RSI 50 is often treated as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum has the upper hand; below 50, the opposite is true.
Rare readings often come with greater volatility. At such times, itās better to reduce your position rather than add to it.