What are the most effective RSI indicator settings for identifying overbought and oversold conditions in the crypto market?

1 answers

• Nov 26, 2021 · 3 years ago
  As an expert in the crypto market, I can tell you that the most effective RSI indicator settings for identifying overbought and oversold conditions can vary depending on the specific cryptocurrency and market conditions. However, a commonly used setting is 14 periods. This means that the RSI indicator calculates the average price change over the past 14 periods. A value above 70 suggests overbought conditions, while a value below 30 suggests oversold conditions. Keep in mind that these settings are not set in stone and it's important to consider other factors and indicators when making trading decisions. Remember, trading cryptocurrencies involves risks, so always do your own research and consult with professionals before making any investment decisions.
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