The crypto asset map by RSI on September 16 shows altcoins weakening on all key timeframes. One could say "time to buy", but decent societies can pounce for that now 😁
Over the week since the last review on key TFs (four-hour, 24-hour, daily) after the RSI growth, it decreased for most assets. In fact, according to RSI, assets went up over 7 days and returned plus or minus to the original. The daily TF is again rather in the neutral zone, the weekly TF - many assets are weak again. This is indicated by the#Coinglassdata.
BUT if last week with such data on the daily and weekly TF, altcoins showed strength on the four-hour TF, now they are weak on it. For the most part.
More detailed RSI layouts for individual assets:
1. On the four-hour TF, most assets show weakness.
Some assets are already in pronounced oversold conditions: #FIL, #RATS, #SFP, #DUSK, #ALPHA, #NMR, #LEVER, #MYRO, #RDNT, #1ICH, #APT. #ETC, #CH, #ILV, #BLZ.
In the "strong" zone: only #TURBO, #OMG, #CKB, #LOOM.
2. On the daily TF, most assets are still in the neutral zone, but the number has increased in both the “strong” and “weak” areas:
- In the "weak": #MKR, #NOT, #AR, #JTO, #REZ, #ATOM, #IOST, #ILV, #DODOX, #LINA, #KLA, #LRC, #ALT, #ZEC,#EGLD, #DYDX, #ATOM, #ONDO, #APT, #ETH.
- In "silly": #FTM, #TURBO, #BIGTIME, #THETA, #OMG, #COTI, #SUPER, #SUI.
- There are also assets that are clearly overbought: #CKB,#REEF(the latter, after the announcement of delisting from Binance, creates a precedent with its rapid growth).
3. Weekly TF - as already mentioned, pronounced weakness, although the average value for the week increased from 40.86 to 41.14.
- There are fewer assets in oversold positions over the week: #ENA, #AEVO, #FXS, #AXL
- In the “strong” ones there are a little more: #TRX, #AAVE, #OM.
