Map of crypto assets by RSI for May 20 - a reversal to long for a number of assets on the daily timeframe. Since the analysis on May 13, the RSI map from#Coinglasshas changed significantly.
Not now:
On a four-hour timeframe, there are literally a few assets in the oversold zone: #BLZ, #LSK, #ALT, #TRX, #ACE. The absolute majority are in the neutral zone, and some (#PENDLE, #SOL, #THETA, #INJ, #BTC, #BNX,#LPTand about a dozen others) are already overbought.
Daily TF - many assets have already left the oversold zone and most of them are in the neutral zone. Oversold: #BLZ, #DYM, #MANTA, #AE, #RDNT, #ALT. Already overbought: #BNX, #PEOPLE, #RSR, #AR, #LINK, #FTM, #SOL, #JTO.
Weekly TF - there is still a very wide spread in assets. As before, there are both oversold (#GAS, #DYM, #USTC, #MANTA, #FXS, #MOVR, UNFI and others on the screen) and overbought (#AR, #TIA, #BNB, SUPER and others on the screen) at the same time ). Most are in the neutral zone, but still closer to oversold.
If we take the upcoming alt-season as a working scenario, it’s the ones at the bottom that are more interesting. Especially on older TFs. But it is always worth considering other factors for assets, not just their RSI indicator. Although he alone, as history shows, is a powerful argument in analysis.