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What does the RSI indicator tell you about cryptocurrency price movements?

olinolíviaMay 03, 2022 · 3 years ago1 answers

Can you explain what the RSI indicator is and how it can be used to predict price movements in the cryptocurrency market?

Price Movements

1 answers

May 03, 2022 · 3 years ago
At BYDFi, we also use the RSI indicator as part of our trading strategy. We find that it can be a helpful tool for identifying potential price reversals and confirming trends. However, it's important to remember that no indicator is foolproof and should be used in combination with other analysis techniques to make informed trading decisions.

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