$ELSA Daily RSI (14) is 78.3, entering overbought territory, with the current price at 0.1027.
Overbought means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI doesn’t.
Indicators reflect the past, while prices move into the future—don’t treat them as predictions.
Overbought means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI doesn’t.
Indicators reflect the past, while prices move into the future—don’t treat them as predictions.
