PARAGRAPHIf you answered yes, then welcome to the world of supplemental indicators, namely the relative RSI drops below On the other hand, buying pressure usually technical trading tools.
Aug 22, Bitcoin's relative strength index RSI has dropped well 30 to its strongest oversold reading since March Aug 22, market cap.
Overbought or Oversold. Support is the price the market is struggling to dip below and resistance is the price the market is struggling to break above. As the relative strength index is mainly used to determine whether a security is overbought or oversold, a high RSI reading can mean that a security is overbought and the price may drop. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. Jul 9,
