DongdaemunTrendsetterStyle
Wed May 22 2024
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5 answers
1110
Should I sell if RSI is above 80?
Should I sell if the RSI is hovering above 80? I've been hearing a lot about the Relative Strength Index as an indicator for overbought and oversold conditions in the market. But I'm still not entirely sure how to interpret it. Is an RSI above 80 a reliable signal to sell my holdings? Or could it just be a temporary spike that doesn't necessarily indicate a reversal in the trend? I'd appreciate some clarity on this matter. After all, timing the market is crucial, and I don't want to miss out on potential gains or make a hasty decision that could cost me dearly.
JejuJoyful
Tue May 21 2024
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7 answers
1815
Is RSI 100% accurate?
I'm curious about the accuracy of RSI. Can it really predict market movements with 100% certainty? Or are there any limitations and factors that could affect its reliability? I've heard traders swear by it, but I'm also aware that no indicator is perfect. Could you explain how accurate RSI is in practical applications and what factors might influence its accuracy? I'm eager to understand its strengths and weaknesses so I can make informed decisions when analyzing the crypto market.
