A note: $HAEDAL has a daily RSI of 81.7, entering overbought territory. The current price is 0.02786.
People often ask how to read RSI, so here’s my take.
RSI (Relative Strength Index) was introduced by Welles Wilder in 1978. It’s calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
I generally use RSI as a warning that sentiment may be overheated or oversold, and look at it alongside support and resistance levels and trading volume. I don’t make decisions based on it alone.
The point of understanding this indicator is to avoid being spooked by the numbers, not to use it to predict price movements accurately.
#HAEDAL
This is not a recommendation. Buy or sell at your own discretion.
People often ask how to read RSI, so here’s my take.
RSI (Relative Strength Index) was introduced by Welles Wilder in 1978. It’s calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
I generally use RSI as a warning that sentiment may be overheated or oversold, and look at it alongside support and resistance levels and trading volume. I don’t make decisions based on it alone.
The point of understanding this indicator is to avoid being spooked by the numbers, not to use it to predict price movements accurately.
#HAEDAL
This is not a recommendation. Buy or sell at your own discretion.