📎 Data at a glance: $KAVA ｜4-hour RSI (14) 11.6｜Oversold
· What it is: RSI (Relative Strength Index) was introduced by Welles Wilder in 1978. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· How to read it: “Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI does not, it is often seen as a sign that upward momentum is weakening. However, divergence can also persist for a long time.
Comparing several data points with one another is more reliable than looking at just one, but no number of signals can provide a definite answer.
What you do is up to you; this is just for sharing.
· What it is: RSI (Relative Strength Index) was introduced by Welles Wilder in 1978. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· How to read it: “Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI does not, it is often seen as a sign that upward momentum is weakening. However, divergence can also persist for a long time.
Comparing several data points with one another is more reliable than looking at just one, but no number of signals can provide a definite answer.
What you do is up to you; this is just for sharing.