What does the RSI indicator tell you about cryptocurrency price movements?

Anthony VerdecchioDec 28, 2021 · 3 years ago1 answers

Can you explain what the RSI indicator is and how it can be used to predict price movements in the cryptocurrency market?

What does the RSI indicator tell you about cryptocurrency price movements?

Price Movements

1 answers

Dec 28, 2021 · 3 years ago
At BYDFi, we also use the RSI indicator as part of our trading strategy. We find that it can be a helpful tool for identifying potential price reversals and confirming trends. However, it's important to remember that no indicator is foolproof and should be used in combination with other analysis techniques to make informed trading decisions.

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