Technical analysis post #7 Relative Strength Index "RSI"
What is RSI and how should I use it?
The RSI is a chart indicator that will help us see when an asset is oversold or overbought.
It is an index that marks the bullish or bearish strength of an asset.
It can be used both downwards and upwards.
Now it seems simple but it is not. Although it is a fairly common indicator, most novice players do not know how to position themselves when using the indicator.
And as technical players we will have to mark divergences in the rsi, look for on-chain data such as volume and look for supply and demand zones to carry out an operation.
We must also be able to see further than the indicator.
Although the RSI can indicate an oversold or overbought, this does not mean we should start an operation by blindly betting on a single piece of data.
I personally use coinglass to look for coins that are oversold or overbought and trade them.
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