$AIN 4-hour RSI(14) is 23.9, entering oversold territory, with the current price at 0.1042.
Oversold means prices have fallen sharply in the short term; it doesn’t mean a bottom is imminent. In a weak market, RSI can stay below 30 for a long time. A bullish divergence is more worth watching: the price makes a new low, but RSI does not.
A single indicator can be misleading. It’s more reliable to consider volume and market structure together.
Oversold means prices have fallen sharply in the short term; it doesn’t mean a bottom is imminent. In a weak market, RSI can stay below 30 for a long time. A bullish divergence is more worth watching: the price makes a new low, but RSI does not.
A single indicator can be misleading. It’s more reliable to consider volume and market structure together.