Investopedia: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions.
Traders use the RSI indicator to scout for bottoms. Generally, the indicator gains more value when used on longer time frames.
If we look at the 3-day RSI, we've rarely been below 30. Out of the past 4 times this happened, 3 of those signaled the end of the bearish trend and a major shift in momentum followed. Be aware that I'm not calling for the bottom to be in yet since we definitely can drop further, but I'm quite certain we'll be seeing a strong reversal in the coming weeks.
Happy trading!
Traders use the RSI indicator to scout for bottoms. Generally, the indicator gains more value when used on longer time frames.
If we look at the 3-day RSI, we've rarely been below 30. Out of the past 4 times this happened, 3 of those signaled the end of the bearish trend and a major shift in momentum followed. Be aware that I'm not calling for the bottom to be in yet since we definitely can drop further, but I'm quite certain we'll be seeing a strong reversal in the coming weeks.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。