I find that using RSI as your main indicator to determine future price movement isn't very reliable as a strategy and it should be used to confirm an idea from other indicators and patterns that something is going to happen.
IMO because we have broken below the trendline that you have drawn it indicates that we are going down a bit further and not looking to break 10,000 - 10,100 for the short term which would make the RSI go lower.
If it had shown that the trendline was still support then this would've been a different story.
In saying this though...this is crypto and the patterns are changing.
CryptonikLion
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@CarlsonCryptoTrading, Yes that line can be adjusted and we still have support from it and The move happened already
I find that using RSI as your main indicator to determine future price movement isn't very reliable as a strategy and it should be used to confirm an idea from other indicators and patterns that something is going to happen.
IMO because we have broken below the trendline that you have drawn it indicates that we are going down a bit further and not looking to break 10,000 - 10,100 for the short term which would make the RSI go lower.
If it had shown that the trendline was still support then this would've been a different story.
In saying this though...this is crypto and the patterns are changing.