RSI
The Relative Strength Index (RSI) provides additional insight into market momentum by measuring the magnitude of LA price movements to determine whether they are overvalued or undervalued.
Market traders use the RSI as a Momentum indicator to identify overbought or oversold conditions, and to make a decision to accumulate or sell assets.
Readings above 50 and an uptrend indicate that the Bulls still have a strong point, while readings below 50 indicate the opposite.
According to the RSI, in the timeframe of the one-week candle, the La price is currently trending bearish with the actual RSI reading at 0.00.
The 50 line can provide resistance if the indicator returns to it.
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