🚨 $EVAA daily RSI has surged to 78.1🔥
Don’t get carried away just yet—understand RSI first 👇
RSI is calculated using closing prices only. It doesn’t take trading volume into account or reflect intraday price wicks.
“Divergence” is a commonly discussed way to interpret RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. But divergence can also persist for a long time.
Avoid placing trades during the most volatile few minutes. Wait for the price action to play out before deciding.
For informational purposes only. Make your own decisions.
Don’t get carried away just yet—understand RSI first 👇
RSI is calculated using closing prices only. It doesn’t take trading volume into account or reflect intraday price wicks.
“Divergence” is a commonly discussed way to interpret RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. But divergence can also persist for a long time.
Avoid placing trades during the most volatile few minutes. Wait for the price action to play out before deciding.
For informational purposes only. Make your own decisions.
