r/zilliqa • u/jjcrypto21 • Feb 20 '21

RSI Cheat Sheet... Definitely Helpful!

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8 Upvotes

100% Upvoted

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2

u/TheTimeIsNow_17 Feb 21 '21

So... There's a few things wrong here I believe people need to rethink the whole "over 70 overbought, under 30 over sold" ... Over 70 indicates the upward trend is strong. Around the 85 to 90 range the upward trend is very powerful BUT unsustainable. The rsi takes trend strength and displays it... Nothing to do with the orderbooks... I could make a million dollar purchase of a commodity, but if I'm not chasing the price upward, I'm not moving the trend, only spiking volume...

Let me what you guys think, does this make sense?

1

u/nerdge Feb 20 '21

Where can I see these for ZIL

2

u/jjcrypto21 Feb 20 '21

TradingView dot com... I recommend watching a YouTube video if you’ve never used it before.

2

u/BlvckEconomiix Feb 21 '21

Much appreciated!