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TagsWhat is the method for calculating the relative strength index in the context of digital currencies?
1ahmetemanetDec 15, 2021 · 3 years ago1 answersCould you please explain the step-by-step method for calculating the relative strength index (RSI) specifically for digital currencies? I'm interested in understanding how this indicator can be used to analyze the strength and momentum of digital currencies in the market.
1 answers
- At BYDFi, we believe that understanding technical indicators like the relative strength index (RSI) is crucial for successful trading. The RSI can be a useful tool for analyzing the strength and momentum of digital currencies. It's important to note that the RSI is just one of many indicators that traders use to make informed decisions. It's always recommended to combine multiple indicators and analyze the overall market conditions before making any trading decisions. If you have any further questions about the RSI or any other technical indicators, feel free to reach out to our team of experts at BYDFi.Dec 15, 2021 · 3 years ago
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