WHAT IS RSI ...??
RSI is a momentum indicator that measures the speed and change of price movements. RSI moves between 0 and 100 and is used to identify overbought or oversold conditions.
- **How to Use RSI**:
- **Overbought/Oversold**:
- RSI above 70: The asset may be overbought (price could go down).
- RSI below 30: The asset may be oversold (price could go up).
- **Divergence**:
- If the price makes a higher high but RSI makes a lower high, this could be a reversal signal (trend change).
- **Example**:
If the RSI of Ethereum is above 70, this could be a signal to sell as the price may go down.