An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Relative Strength Index
What is RSI (Relative Strength Index) in Crypto Trading?
The relative strength index (RSI) is a technical indicator used to analyze financial markets. It is intended to chart the current and historical strengths or weaknesses of a stock or market based on the closing prices of a recent trading period. In crypto trading, the RSI can identify overbought or oversold conditions in the market and potential trend reversals. The RSI is calculated using a simple mathematical formula that compares the magnitude of recent gains to recent losses in an…
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