During the last bullrun The Relative Strength Index (RSI) has been above 50 and everytime we tested it, a support was found there.
During the bearmarket, The RSI wasn't able to climb as high as 70 or 80. In the most cases, it tested a bit over 50 and then found a rejection. So 50 line worked as a resistance. '
Are we seeing another rejection from 50 levels now? Let's see.
A breakout above 50 level and finding support there would be bullish.
During the bearmarket, The RSI wasn't able to climb as high as 70 or 80. In the most cases, it tested a bit over 50 and then found a rejection. So 50 line worked as a resistance. '
Are we seeing another rejection from 50 levels now? Let's see.
A breakout above 50 level and finding support there would be bullish.