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Nairaland Forum / Nairaland / General / Investment / Understanding RSI (216 Views)
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Understanding RSI by fxstar: 10:08am On Jun 30, 2023 |
Do you want to learn how to use a tool that can help you guess where the market might go next? There's a good guide on a site called iFXhub about something called the Relative Strength Index (RSI). This RSI thing can help you spot if trends in the market are about to flip, which could give you a heads up on when to buy or sell. The RSI gives a number between 0 to 100. If it's under 30, it might mean too many people are selling. If it's over 70, too many people might be buying. The guide also talks about how to read the RSI and how it might change based on what the market is doing. It also tells you that the RSI can sometimes give you an early tip-off that could help you make more money, but you have to be careful. It's not always right, especially when the market is going up or down a lot. https://ifxhub.com/academy/rsi-how-do-we-know-that-the-market-is-overbought-or-oversold |
Re: Understanding RSI by DexteryJoe(m): 10:56am On Jun 30, 2023 |
Do u have a tool that can give us Rsi of coins real time |
Re: Understanding RSI by fxstar: 11:03am On Jun 30, 2023 |
I am using tradingview charts for this matter. I mostly trade xrp but don't know what other coins do they show. |
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