The candlestick chart is cracking jokes again: the daily RSI for $PENGU is 23.2, entering oversold territory, with the current price at 0.004953.
RSI 23.2—and my mood has dropped right along with it.
On a serious note, RSI is calculated using closing prices only; it doesn’t include trading volume, nor does it reflect intraday candlestick wicks.
All indicators summarize price movements that have already happened, and prices can absolutely move in the opposite direction.
RSI 23.2—and my mood has dropped right along with it.
On a serious note, RSI is calculated using closing prices only; it doesn’t include trading volume, nor does it reflect intraday candlestick wicks.
All indicators summarize price movements that have already happened, and prices can absolutely move in the opposite direction.