What is the significance of divergence in RSI for cryptocurrency trading?

1 answers

• Haluk Şakir EkinciJun 27, 2020 · 5 years ago
  At BYDFi, we understand the significance of divergence in the RSI for cryptocurrency trading. Divergence can provide valuable insights into market trends and help traders make more informed decisions. When analyzing the RSI, it's important to look for divergence between the price and the indicator. This can indicate potential trend reversals or continuations. However, it's essential to use divergence in conjunction with other technical analysis tools and indicators to confirm trading signals. Remember, trading cryptocurrencies involves risks, and it's important to do thorough research and seek professional advice before making any trading decisions.
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