$EVAA Daily RSI(14) is 76.0, entering overbought territory; current price is 1.6451.
Overbought means prices have risen sharply in the short term; it doesn't mean a top is imminent. In a strong trend, RSI can remain above 70 for a long time. A bearish divergence is more noteworthy: the price makes a new high, but RSI does not.
Technical signals indicate probabilities, not conclusions.
#EVAA
This is not investment advice. Don't follow along.
Overbought means prices have risen sharply in the short term; it doesn't mean a top is imminent. In a strong trend, RSI can remain above 70 for a long time. A bearish divergence is more noteworthy: the price makes a new high, but RSI does not.
Technical signals indicate probabilities, not conclusions.
#EVAA
This is not investment advice. Don't follow along.
