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…