Herring LohmannDec 18, 2021 · 3 years ago2 answers Can RSI be used as a reliable indicator for predicting price movements in the cryptocurrency market?
Is the Relative Strength Index (RSI) a trustworthy tool for forecasting price changes in the cryptocurrency market? How does RSI work, and what factors should be considered when using it as an indicator? Can RSI alone provide accurate predictions, or should it be used in conjunction with other technical analysis tools? Are there any limitations or drawbacks to relying solely on RSI for predicting cryptocurrency price movements?