$EVAA Daily RSI(14) is 78.1, entering overbought territory, with the current price at 1.1396.
Overbought means prices have risen sharply in the short term; it doesn't mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is worth watching more closely: the price makes a new high, but RSI does not.
The next few candlesticks after the signal appears are more convincing than the signal itself.
Overbought means prices have risen sharply in the short term; it doesn't mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is worth watching more closely: the price makes a new high, but RSI does not.
The next few candlesticks after the signal appears are more convincing than the signal itself.
