The 1hr RSI chart appears to have broken out of its downward trend channel.
Supportive Relative Strength Index (RSI) Observations:
Last week the Weekly RSI fell below 50 and is still below at 49.0 after today's trading day for this week. This is the lowest Weekly RSI since the last week of April 2020.
Daily RSI hit 33.0 today. The lowest Daily RSI since 21st March 2020.
4hr RSI has hovered sub 30.0 for nearly 10 trading days (since 26th October 2020). Last time stayed below 30 for more than one trading day was between 21st Feb and 16th March 2020 (nearly 15 trading days)
Supportive Relative Strength Index (RSI) Observations:
Last week the Weekly RSI fell below 50 and is still below at 49.0 after today's trading day for this week. This is the lowest Weekly RSI since the last week of April 2020.
Daily RSI hit 33.0 today. The lowest Daily RSI since 21st March 2020.
4hr RSI has hovered sub 30.0 for nearly 10 trading days (since 26th October 2020). Last time stayed below 30 for more than one trading day was between 21st Feb and 16th March 2020 (nearly 15 trading days)
