$ICNT Daily RSI (14) is 76.8, entering the overbought zone, with the current price at 0.2962.
Overbought means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can remain above 70 for a long time.
A bearish divergence is more worth watching: the price makes a new high, but RSI does not.
Don’t base your decision on just one indicator; also consider trading volume and key price levels.
Overbought means prices have risen sharply in the short term; it doesn’t mean a top is imminent. In a strong market, RSI can remain above 70 for a long time.
A bearish divergence is more worth watching: the price makes a new high, but RSI does not.
Don’t base your decision on just one indicator; also consider trading volume and key price levels.
