Relative Strength Index (RSI)
RSI is often considered as a momentum oscillator that measures the magnitude of an asset’s recent price movements.
Relative Strength Index is calculated based on Average Gains and Losses, than smoothed by a formula including previous and current gains and losses. As with momentum indicator, the closer to the edge, the larger is the magnitude of the cryptocurrency price moves.
If the price moves rapidly and momentum is strong, at some point an asset may be considered oversold or overbought and price reversal may be expected.
