Relative Strength Index (RSI)
Simply, a Relative Strength Index (RSI) is a momentum indicator. This specific indicator is used for Technical Analysis, measuring the magnitude of the latest price changes to assess overbought or oversold conditions in the price of a stock or other asset. In this regard, the RSI is more aptly labelled as a momentum oscillator.
The RSI is developed by one J. Welles Wilder. The indicator effectively oscillates between zero and 100. The cryptocurrency would be seen as “overbought” once the indicator goes above 70. It is considered “oversold” when it goes below 30.