Technical Note | $ARIA | 4-hour RSI(14) 75.6 | Overbought
First, the definition: In the traditional interpretation, an RSI above 70 is considered overbought, while one below 30 is considered oversold; some people use 80 / 20 as stricter thresholds.
Common interpretation: Extreme readings on higher timeframes generally carry more weight than those on the 4-hour timeframe. Signals occur more frequently on lower timeframes, but there is also more noise.
Indicators can be inaccurate, so risk management should never be neglected: thinking ahead about what to do if you're wrong is more important than guessing whether you're right.
#ARIA
First, the definition: In the traditional interpretation, an RSI above 70 is considered overbought, while one below 30 is considered oversold; some people use 80 / 20 as stricter thresholds.
Common interpretation: Extreme readings on higher timeframes generally carry more weight than those on the 4-hour timeframe. Signals occur more frequently on lower timeframes, but there is also more noise.
Indicators can be inaccurate, so risk management should never be neglected: thinking ahead about what to do if you're wrong is more important than guessing whether you're right.
#ARIA