RSI (Relative Strength Index)
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RSI (Relative Strength Index) is mostly used to help traders identify momentum, market conditions, and warning signals for dangerous price movements.
RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.
An overbought signal suggests that short-term gains may be reaching a point of maturity and assets may be in for a price correction.
In contrast, an oversold signal could mean that short-term declines are reaching maturity and assets may be in for a rally.