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<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>RSI stands for relative strength indicator. There are two marks 30 and 70 mark.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>When price goes above 70 mark then it is overbought and price will begin to fall.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>When price goes below 30 mark then it is oversold and price will begin to increase.</p>RSI stands for relative strength indicator. it works well for non-trending zone. There are two marks 30 and 70 mark.
When price goes above 70 mark then it is overbought and price will begin to fall.
When price goes below 30 mark then it is oversold and price will begin to increase.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>RSI stands for Relative Strength Index:</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>It is generally preferred for a non-trending zone that is sideways movement.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>The indicator implies two levels or margin to a trending chart are 70 and 30 as upper and lower margins respectively.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>When the price goes above the level 70 indicates a over bought and which is expected to hit back the margin and probably we may chose to have a short position.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>When the price goes below the level 30 indicates a over sold and which is expected to hit back the margin, probably we may chose to have a long position.</p>RSI stands for relative strength indicator. it works well for non-trending zone. There are two marks 30 and 70 mark.
When price goes above 70 mark then it is overbought and price will begin to fall.
When price goes below 30 mark then it is oversold and price will begin to increase.
RSI or Relative Strength Index is a technical indicator that works really well when there is a sideways movement in the market.If the RSI is between 0-30 it indicates overselling and the trader might look out for buying opportunities when the price crosses the 30 mark.Similarly, if the RSI is between 70-100 it indicates overbuying and the trader might consider creating a short position when the price crosses below the 70 mark.
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