$EVAA The daily RSI is 78.1, entering overbought territory.
Let’s use this number to talk about RSI.
An RSI of 14 means 14 candles: on a 4-hour chart, that’s a little over two days (56 hours), while on a daily chart, it’s exactly two weeks.
RSI norms vary from coin to coin. More volatile small-cap coins are also more likely to show very high or very low readings, so be cautious about applying a single threshold across the board.
It’s more prudent to look for confirmation from multiple indicators than to rely on just one, but even multiple indicators can’t provide a definitive conclusion.
#EVAA
Let’s use this number to talk about RSI.
An RSI of 14 means 14 candles: on a 4-hour chart, that’s a little over two days (56 hours), while on a daily chart, it’s exactly two weeks.
RSI norms vary from coin to coin. More volatile small-cap coins are also more likely to show very high or very low readings, so be cautious about applying a single threshold across the board.
It’s more prudent to look for confirmation from multiple indicators than to rely on just one, but even multiple indicators can’t provide a definitive conclusion.
#EVAA