📢 Comedy desk report: $ICNT 's daily RSI is 76.8, entering overbought territory. Current price: 0.3.
RSI 76.8—my heart rate's climbing too.
Seriously, by the traditional interpretation, an RSI above 70 is considered overbought, while one below 30 is oversold. Some people use 80 / 20 as more extreme thresholds.
Any indicator only summarizes market movements that have already happened; prices can move in the opposite direction at any time.
Be aware of the risks and make your own decisions.
RSI 76.8—my heart rate's climbing too.
Seriously, by the traditional interpretation, an RSI above 70 is considered overbought, while one below 30 is oversold. Some people use 80 / 20 as more extreme thresholds.
Any indicator only summarizes market movements that have already happened; prices can move in the opposite direction at any time.
Be aware of the risks and make your own decisions.