Technical Indicator RSI

RSI (Relative Strength Index) refers to the relative strength index, which is a technical analysis indicator used to measure the speed and magnitude of price changes. It evaluates the overbought and oversold conditions of the market and the possibility of price reversal by comparing the magnitude of increases and decreases over a period of time.

The calculation formula of RSI is as follows:

RSI values ​​range from 0 to 100, and values ​​above 70 are usually considered overbought and values ​​below 30 are considered oversold. When RSI enters the overbought area, it means that the price may have risen too much and there is a risk of a correction; when RSI enters the oversold area, it means that the price may have fallen too much and there is a possibility of a rebound.

However, RSI is not an absolutely accurate indicator and it may send out wrong signals. Therefore, when using RSI, investors usually make a comprehensive judgment in combination with other technical analysis indicators and market conditions. At the same time, the cryptocurrency market is highly volatile and risky, and investors should make decisions carefully and invest according to their risk tolerance.

The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!

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