$WLFI Daily RSI(14) is 21.1, in oversold territory, with the current price at 0.0447.
Oversold means prices have fallen sharply in the short term; it doesn’t mean a bottom is imminent. In a weak market, the RSI can stay below 30 for a long time. A bullish divergence is more worth watching: the price makes a new low, but the RSI does not.
Indicators describe the past; prices move into the future. Don’t treat them as predictions.
Oversold means prices have fallen sharply in the short term; it doesn’t mean a bottom is imminent. In a weak market, the RSI can stay below 30 for a long time. A bullish divergence is more worth watching: the price makes a new low, but the RSI does not.
Indicators describe the past; prices move into the future. Don’t treat them as predictions.
