What does the RSI indicator tell you about cryptocurrency price movements?
Sukrit BhattacharyaDec 20, 2024 · a year ago1 answers
Can you explain what the RSI indicator is and how it can be used to predict price movements in the cryptocurrency market?
1 answers
- Pedro ParraOct 12, 2020 · 5 years agoAt 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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