$ETH The relative strength index (RSI) signals whether an instrument is considered overbought or oversold based on its recent price action. The RSI is an oscillator that calculates the average price gains and losses over a given period. The default is 14 periods with values bounded from 0 to 100. A reading above 70 suggests an overbought condition, while a reading below 30 is considered oversold, with both potentially signaling a top or a bottom is forming.
ETH is showing a RSI(6) below 30 and RSI(12) 37, which means that probably it will decrease a bit more…what do you think?