🐋 $ARIA Daily RSI is 76.7, entering overbought territory.
RSI itself does not determine prices, but many people watch it, and its readings can influence some people’s trading decisions.
“Overbought” means that prices have risen too quickly and sharply in recent times. It doesn’t mean there are too many buyers, nor does it mean prices are about to fall.
Extreme readings on the daily chart are generally more significant than those on shorter timeframes, where signals occur more frequently and there is more noise.
Don’t let a single indicator disrupt your plan, and don’t gamble on a hunch with borrowed money.
#ARIA
RSI itself does not determine prices, but many people watch it, and its readings can influence some people’s trading decisions.
“Overbought” means that prices have risen too quickly and sharply in recent times. It doesn’t mean there are too many buyers, nor does it mean prices are about to fall.
Extreme readings on the daily chart are generally more significant than those on shorter timeframes, where signals occur more frequently and there is more noise.
Don’t let a single indicator disrupt your plan, and don’t gamble on a hunch with borrowed money.
#ARIA
