Market Notes｜$HAEDAL ｜Daily RSI(14) 81.7｜Overbought
Definition: RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is prevailing; below 50, the opposite is true.
A little more on how to read it: “Oversold” simply means prices have fallen quickly and sharply over a given period. They may rebound afterward, or they may consolidate near the lows for a while before breaking out.
Learning to read indicators isn’t hard. The hard part is sticking to the rules even when emotions are running high.
#HAEDAL
Definition: RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is prevailing; below 50, the opposite is true.
A little more on how to read it: “Oversold” simply means prices have fallen quickly and sharply over a given period. They may rebound afterward, or they may consolidate near the lows for a while before breaking out.
Learning to read indicators isn’t hard. The hard part is sticking to the rules even when emotions are running high.
#HAEDAL
