Coinmonks
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Coinmonks

What mean RSI indicator in the technical analyse ?

Source photo rsi — Bing images

RSI=Relative Strength Index

As a momentum indicator, the Relative Strength Index (RSI) comes with its own scale. Momentum is the pace of price change. One line that runs from 0 to 100 indicates overbought and undersold conditions in the market. A market that is overbought has a value more than 70, whereas a market that is oversold has a value less than 30…

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