💶 THE KNOWLEDGE LEGION 💶
This article is meant to share knowledge with new users. May it be useful for you!
Today: RSI
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to measure the speed and change of price movements. It ranges from 0 to 100 and helps traders identify overbought or oversold conditions in a market. Typically, an RSI above 70 indicates that an asset might be overbought (a potential sell signal), while an RSI below 30 suggests it might be oversold (a potential buy signal). It's a handy tool for making more informed trading decisions and can help predict potential market reversals. Remember, though, no indicator is foolproof! Happy trading!
Yours
T4P
