Continued... Oversold and overbought
RSI ranges from 0% to 100%. It is believed that if the indicator climbs into the zone above 70%, then this or that asset will rise to the overbought zone. This means that the price of the goods is too high, and a correction should begin soon. Accordingly, if the RSI falls below 30%, then we enter the oversold zone. This indicates an unreasonably low price of the instrument and is a harbinger of an early growth.
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