December 6, 2021
Setting the Indicator
December 6, 2021

How to Read RSI Signals

The main principle for trading using the oscillator is trading in the direction of the developing trend.

If the RSI does not coincide with the price chart (divergence), then the trend may soon reverse.

If the RSI line rises above 70, this implies that the asset is overbought.

If it drops below 30, this implies that the asset is oversold.

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