How to make money using RSI

RSI (Relative strength index)

RSI is a technical indicator used to identify the overbought and oversold conditions. RSI oscillates between 0% and 100%, but usually RSI is considered overbought when above 70% and oversold when below 30%.

RSI

Let’s be careful because RSI becomes weak in strongly trending markets, for instance a sudden surge or plunge.

Please use it properly on a case-by-case basis in conjunction with other technical indicators

  • Overbought if RSI rises above 70%
  • Oversold if RSI falls below 30%
  • Let’s wait and see when you are hovering between 30% and 70%!