š§ "RSI at 30 = you should buy." It's one of the most repeated myths in crypto. Let's see what it really means.
š What it is: the RSI (relative strength index) measures from 0 to 100 how strong the rises were compared with the falls over the last 14 candles.
ā¢ Above 70 ā overbought: it rose quickly.
ā¢ Below 30 ā oversold: it fell quickly.
ā¢ Between 40 and 60 ā neutral zone.
š Today's daily RSI (Binance):
ā¢ $SOL : 30.4 ā on the verge of oversold territory
ā¢ $XRP : 31.6
ā¢ DOGE: 34.5
ā¢ BTC: 38.0
ā¢ $PEPE : 55.8 ā neutral, the only meme coin in the green today (+1.8%)
ā Common mistake: treating oversold conditions as a signal of a rebound. Real example: on Saturday, XRP had a daily RSI of 32, and today it still hasn't rebounded, trading below its previous low ($1.1645). In strong downtrends, the RSI can stay low for days.
š” Use it better like this: combine it with support levels, the trend (EMAs), and volumeānot on its own.
š In one line: the RSI tells you how quickly the price moved, not where it's headed.
Do you use the RSI in your analyses? YES / NO š
#RSI #AnalisisTecnico #AprendeCripto #Binance #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your research and trade with caution.
š What it is: the RSI (relative strength index) measures from 0 to 100 how strong the rises were compared with the falls over the last 14 candles.
ā¢ Above 70 ā overbought: it rose quickly.
ā¢ Below 30 ā oversold: it fell quickly.
ā¢ Between 40 and 60 ā neutral zone.
š Today's daily RSI (Binance):
ā¢ $SOL : 30.4 ā on the verge of oversold territory
ā¢ $XRP : 31.6
ā¢ DOGE: 34.5
ā¢ BTC: 38.0
ā¢ $PEPE : 55.8 ā neutral, the only meme coin in the green today (+1.8%)
ā Common mistake: treating oversold conditions as a signal of a rebound. Real example: on Saturday, XRP had a daily RSI of 32, and today it still hasn't rebounded, trading below its previous low ($1.1645). In strong downtrends, the RSI can stay low for days.
š” Use it better like this: combine it with support levels, the trend (EMAs), and volumeānot on its own.
š In one line: the RSI tells you how quickly the price moved, not where it's headed.
Do you use the RSI in your analyses? YES / NO š
#RSI #AnalisisTecnico #AprendeCripto #Binance #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your research and trade with caution.