HOW THE RSI INDICATOR REALLY WORK | CRYPTO_APE on Binance Square

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HOW THE RSI INDICATOR REALLY WORK

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📈$DOT (2W) Analysis: DOT is showing a strong bullish reversal after breaking out of its downtrend. Notice how it reclaimed previous support levels and is gaining momentum. The market is embracing classic coins, and DOT is not one to overlook. Price Targets: First target at $10 as it clears resistance. If momentum continues, look for $14 and potentially $20 as stretch goals. Let's keep an eye on the charts! $DOT #DYOR

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📈$DOGE (12H) Analysis: Dogecoin is on an exciting upward trend with the price currently at $0.55. Recent patterns show consistent target achievements, suggesting strong momentum. The main support is around $0.30, positioning it well for further gains. Price Targets: Watch for a rally towards $0.60 as the next key target if momentum continues. Potential resistance can be seen near $0.65, but with recent success in hitting targets, Dogecoin might just surprise us! Stay tuned, crypto enthusiasts! $DOGE #dyor

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📈 $SHIB (4H) Analysis: SHIBUSDT is showing bullish vibes, hanging tight in a sideways movement near the upward trendline. The recent price hit the resistance at 0.00003 and now it’s catching its breath in a consolidation phase. The range presents a holding pattern, hinting at potential breakout moves. Price Targets: If it pops above 0.00003, the next target could be around 0.000036. A solid support at 0.00002293 might back any retests. Keep an eye on volume spikes for clues, as they could signal when a breakout's coming! $SHIB #DYOR

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Crypto speak: Hodl We couldn’t believe it when we realized we hadn’t talked about “hodl” yet, and this is one of the main slang words in crypto. So, hodl is the very first crypto meme in history. It’s the investment strategy of not selling your coins despite price fluctuations. Has your asset dropped in price a lot? Hodl, don’t react, and don’t succumb to FOMO. Is your asset, on the contrary, starting to grow strongly? A real hodler knows that this coin may cost many times more in the future, and they’re in no hurry to take profits here and now. In general, we can say that hodl is a true part of crypto philosophy. These are long-term investors who strongly believe in the crypto market, their coins, and the prospects of blockchains and are ready to wait years. This term appeared when one Bitcoin forum user made a typo in the word “hold.” $BTC

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