Relative strength index is a technical indicator used in the | Criptogamer on Binance Square

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Relative strength index is a technical indicator used in the analysis of financial markets.😉

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what does rsi mean ?

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$LSK RSI 64.67 This shows that buying pressure is strong but approaching overbought territory. MACD is in the positive zone and above the signal line. This shows that bullish momentum continues. Stochastic RSI: 96.72 is overbought. This increases the likelihood of the price making a correction in the short term. MA(5): 3,042,498 MA(10): 2,284,931 The short-term MA(5) is above the long-term MA(10) and supports this uptrend. The uptrend continues but is in overbought areas. Upward: If the closing occurs above 1.153, 1.167 and above can be tested. Downside: Support levels of 1.070 and 0.973 may be tested. If the price closes below 1.070, the trend may weaken. NOT INVESTMENT ADVICE#LSK #USJoblessClaimsDrop #AIMarketCapDip $LSK

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$IOST RSI 64.54 and approaching the 70 level and approaching the overbought zone. It shows that the price is in an uptrend, but if it rises above 70, a correction may come. The MACD histogram is in the positive zone and above the signal line. This shows that the bullish momentum is strong. Stochastic RSI: 94.52 is in the overbought zone and there is a risk of retracement. A correction may come in the short term. There is a significant increase in volume in the last rise. The increasing volume supports the strong uptrend. The short-term MA(5) is above the long-term MA(10) and this supports the uptrend. The uptrend is dominant, but there is a risk of correction in overbought areas. Possible Scenarios: Upward: If the breakout occurs above 0.008333, 0.009568 can be tested. Downside: Support levels of 0.007300 and 0.006976 are important. Short-term bullish momentum may continue as volume increases and MACD is positive. RSI and Stochastic RSI are overbought, so the risk of correction should be considered. NOT INVESTMENT ADVICE#OnChainLendingSurge #IOST/USDT #AIMarketCapDip #ShareYourTrade $IOST

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$BTC 40.03 RSI is below 50 and weak. However, as it approaches the 30 level, it is approaching the oversold zone. Possible reaction purchases may be seen. MACD is in the negative zone and below the signal line. Selling pressure continues. Positive discordance is not yet observed. The Stochastic RSI is near the oversold zone. Short-term reaction purchases may come. There is a decrease in volume. Decreasing volume in a downtrend indicates that sales may weaken. A serious recovery may be difficult without increasing volume in the buying direction. The downtrend continues. Supports: 90,000 USD, 70,220 USD, 52,550 USD Resistances: 96,143 USD, 108,353 USD Potential Scenarios: Upward: If it holds support at 90,000, there may be a short-term recovery. Levels 96,143 and 108,353 may act as resistance. Since RSI and Stochastic RSI are oversold, short-term reaction purchases may come. However, MACD is still in negative signal. Transactions should be made by paying attention to risk management and position size. Downward pressure may continue until further confirmation signals arrive. NOT INVESTMENT ADVICE #USJoblessClaimsDrop #BTC🔥🔥🔥🔥🔥 #bitcoin $BTC

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$STEEM The RSI value is 54.2, meaning it is neutral and not in the overbought or oversold territory. The MACD line and the signal line have almost crossed and are in the negative territory. This could be a neutral or weak momentum signal. There are sudden increases in volume, indicating that price fluctuations are volume-supported. The Stochastic RSI is at low levels, which could signal a potential recovery. The price is testing the middle level of the Bollinger bands and there is slight upward momentum. RSI and MACD are neutral, a sign of indecision. Volume growth and volatility have increased, which requires caution. In the short term, resistance appears to be at 0.3329 and support at 0.2674. Volume and momentum indicators should be followed more closely before making a decision. NOT INVESTMENT ADVICE #STEEMUSDT #USJoblessClaimsDrop #BinanceAlphaAlert #AIMarketCapDip $STEEM

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$GAS RSI value: 69.52 (close to overbought zone, strong bullish signal but caution should be taken) MACD (Moving Average Convergence Divergence): DIF: 0.055 DEA: 0.035 MACD: 0.020 (positive signal indicates continued buying pressure) Volume and Moving Averages: An increase in volume is observed, which indicates that the rise is supported by strong volume. Volume increase and price increase proceed in parallel. Stochastic RSI: 52.05 (neutral, there may be further upside potential. There may be some correction as the price is based on the upper Bollinger band. RSI has approached the overbought zone, it is better to be careful. Volume increase and MACD positive indicate the trend is still strong. Support level: 5.15 USDT Resistance level: 6.26 USDT NOT INVESTMENT ADVICE #GASUSDT #USJoblessClaimsDrop #AIMarketCapDip #CryptoMarketDip $GAS

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