How does RSI space analysis help in identifying potential buying or selling opportunities in the cryptocurrency market?

1 answers

• Ken KollmeyerJul 15, 2021 · 4 years ago
  RSI space analysis is a valuable tool for identifying potential buying or selling opportunities in the cryptocurrency market. It considers the RSI levels and the space between them to gauge the market's strength and potential reversals. When the RSI is in the overbought zone, it suggests that the market is overextended and may be due for a pullback. This could be a signal for traders to consider selling their positions. On the other hand, when the RSI is in the oversold zone, it indicates that the market is oversold and may present a buying opportunity. Traders can use RSI space analysis to identify these potential opportunities and make informed decisions about their trades.
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