The Importance of RSI 50 Level to Confirm the Trade Setups

As you see, candlestick 1 closed above the resistance line.

The normalization step makes it easier to identify extremes because RSI is range bound. 

This is how RSI gives a strong confirmation for a candlestick pattern.

Ultimate Guide to the Relative Strength Index (RSI) 

Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below

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What is the Relative Strength Index (RSI)? 

The Relative Strength Index - RSI is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.

Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below Overbought & Oversold Levels and Signals. The fact that RSI is a bounded oscillator (it takes on values from 0 to ) allows us to identify overbought and oversold levels quite easily. Wilder considered RSI values over 70 overbought and values below 30 oversold, but these values can be adjusted to suit particular needs and markets. 

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Over Extended Overbought and Oversold Levels When the market is trending strongly upwards or downwards the RSI will stay at these levels for a long time. When this happens these regions cannot be used market tops and bottoms because the RSI will stay at these levels for an extended period of time. BTC/USD rarely hits oversold levels (30) in the daily time frame, but when it does, price has historically performed well for the simpsons-online.tkry 6th was the last time RSI levels .

RSI OBOS Levels. If the RSI is less than 30, it means the market is oversold and the price might eventually increase. Once the reversal is confirmed, a buy trade can be placed. Conversely, if the RSI is more than 70, it means it's overbought and the price might soon decline. After a confirmation of the reversal, a sell trade can be placed. RSI is considered overbought when above 70 and oversold when below These traditional levels can also be adjusted if necessary to better fit the security. For example, if a security is repeatedly reaching the overbought level of .

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