How do you use RSI with support and resistance?

[Alexandre94]

The Relative Strength Index (RSI) is a technical analysis indicator that measures the speed and change of price movements. By measuring the magnitude of price changes, the indicator can evaluate both overbought and oversold market conditions

The RSI momentum indicator appears in charts as a line graph oscillating between two extremes of 0 and 100. Whenever the momentum oscillator rises past the 70 level, technical analysts interpret that as overbought conditions from which a trend reversal may occur. Conversely, whenever the indicator plunges below the 30 mark, that is interpreted as an oversold condition from which price might reverse and start powering higher

Relative Strength Index is a versatile technical analysis tool for:

• Generating buy and sell signals
• Signalling overbought and oversold conditions
• Confirming price movements
• Signalling potential price reversals through divergences

 

[skullspiker]

rsi I use to know if the price is too expensive to buy, or too cheap to sell, but only as an auxiliary, prices vary according to many factors and times, better to use previous supports and resistances that are more reliable, even more nowadays there are robots that study everything they do in the market.