A note: $BLESS has a daily RSI of 80.8, entering overbought territory.
People often ask how to read RSI. Here’s how I understand it.
The 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it covers exactly two weeks.
RSI levels can vary quite a bit between different coins. Smaller coins with higher volatility are also more likely to show very high or very low readings, so be careful about applying the same thresholds to all of them.
Understanding this indicator is about being less swayed by a single number, not using it to predict price movements.
#BLESS
Be aware of the risks and make your own decisions.
People often ask how to read RSI. Here’s how I understand it.
The 14 in RSI means 14 candlesticks: on a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it covers exactly two weeks.
RSI levels can vary quite a bit between different coins. Smaller coins with higher volatility are also more likely to show very high or very low readings, so be careful about applying the same thresholds to all of them.
Understanding this indicator is about being less swayed by a single number, not using it to predict price movements.
#BLESS
Be aware of the risks and make your own decisions.
