The Relative Strength Index (RSI) serves as a technical indicator used to determine whether a financial asset is overbought or oversold. This metric, calculated based on the asset's recent closing prices, presents a value between 0 and 100. It measures momentum by comparing the magnitude of recent gains to recent losses in the price of a financial instrument. The key levels for RSI are generally considered to be 30 and 70, with crossovers at these thresholds potentially signaling an increased likelihood of trend reversal.
For instance, when the RSI surpasses the 70 level, it might indicate a h
For instance, when the RSI surpasses the 70 level, it might indicate a h