$SHELL | Why RSI Looks Different on the Daily Chart
Because RSI is calculated from a coin's own recent candles, the same indicator can read very differently depending on which chart interval you're looking at, since each interval uses a completely different set of candles.
On SHELL's daily chart, RSI(6) currently sits at 65.96, noticeably higher than the 36.58 seen on the 1-hour chart. On the weekly chart, it's close by at 66.13.
This isn't a contradiction, it just means the last 6 daily candles and the last 6 weekly candles have shown a different balance of gains versus losses than the last 6 hourly candles.
#SHELL #BTC #BNB
Because RSI is calculated from a coin's own recent candles, the same indicator can read very differently depending on which chart interval you're looking at, since each interval uses a completely different set of candles.
On SHELL's daily chart, RSI(6) currently sits at 65.96, noticeably higher than the 36.58 seen on the 1-hour chart. On the weekly chart, it's close by at 66.13.
This isn't a contradiction, it just means the last 6 daily candles and the last 6 weekly candles have shown a different balance of gains versus losses than the last 6 hourly candles.
#SHELL #BTC #BNB