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đ RSI Heatmap (4H) of the Cryptocurrency Market
The Relative Strength Index (RSI) is an essential metric for identifying overbought or oversold conditions in the market. On the 4-hour chart, major cryptocurrencies display the following signals:
đŽ Overbought (RSI > 70):
Indicating a possible correction in the short term.
đĄ Neutral (RSI between 30 and 70):
Balanced market, without extreme pressure.
đ” Oversold (RSI < 30):
Potential buying opportunities.
đĄ Why is this important?
The RSI Heatmap helps investors visualize market momentum and adjust their strategies to avoid pitfalls or seize opportunities.
đź What to expect next?
Watch for rapid changes in the RSI during periods of high volatility, especially with macroeconomic events or major token launches.#RSI#Cryptocurrencies#Investment#TechnicalAnalysis #Crypto
The Relative Strength Index (RSI) is an essential metric for identifying overbought or oversold conditions in the market. On the 4-hour chart, major cryptocurrencies display the following signals:
đŽ Overbought (RSI > 70):
Indicating a possible correction in the short term.
đĄ Neutral (RSI between 30 and 70):
Balanced market, without extreme pressure.
đ” Oversold (RSI < 30):
Potential buying opportunities.
đĄ Why is this important?
The RSI Heatmap helps investors visualize market momentum and adjust their strategies to avoid pitfalls or seize opportunities.
đź What to expect next?
Watch for rapid changes in the RSI during periods of high volatility, especially with macroeconomic events or major token launches.#RSI#Cryptocurrencies#Investment#TechnicalAnalysis #Crypto
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