$AIOT 4 hours RSI(14) is 76.6, entering the overbought zone, with the current price at 0.1585.
Overbought means prices have risen sharply in the short term; it doesn't mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI does not.
The next few candlesticks after a signal are more convincing than the signal itself.
#AIOT
Overbought means prices have risen sharply in the short term; it doesn't mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI does not.
The next few candlesticks after a signal are more convincing than the signal itself.
#AIOT