RSI / Relative Strength Index
Relative Strength Index, RSI - This is a tool used in technical analysis in the cryptocurrency market to help assess how strong the current price trend is and whether it may change soon. The RSI is a type of oscillator that ranges from 0 to 100 and is calculated based on the moving average of prices from a selected time period, x candles back, such as the last 14 days (14d), 14 hours (14h), or 14 minutes (14m).
Colors for the #RSI indicator
🔴 Selling Zone – indicates that the RSI is high
🟠
⚪️ Neutral Zone – RSI is in the medium range
🟡
🟢 Buying Zone – indicates a low RSI
Updated on: 12/11/2023
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