$EVAA Daily RSI is 78.6, in overbought territory, with the current price at 1.1215.
Let’s break down RSI using this data.
The 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it covers two weeks.
Many people pay more attention to when RSI exits overbought or oversold territory—for example, when it falls back below 70 after being above 70—rather than taking the opposite position as soon as it enters the zone.
Leave plenty of room when using leverage, so one sharp move doesn’t force you out of your position.
#EVAA
Let’s break down RSI using this data.
The 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it covers two weeks.
Many people pay more attention to when RSI exits overbought or oversold territory—for example, when it falls back below 70 after being above 70—rather than taking the opposite position as soon as it enters the zone.
Leave plenty of room when using leverage, so one sharp move doesn’t force you out of your position.
#EVAA