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RE: Steem Technical Analysis 16 September 2018.
thank you sir. first off a big thanks for considering my request and providing your analysis on steem coin. The, analysis looks great, I did try understanding the technical terms but some terms were hard to understand like relative strength index indicator. Although, am positive on what you said and hope the best for the Steem coin in-itself, coz. of the platform and various use cases which are already in use by majority of the people and many of them benefiting from it. Once, again many thanks for considering my request on providing the technical analysis for the STEEM coin.
Hi @gungunkrishu, you are always welcome, Relative strength index is the abbreviation of RSI, it is the indicator which is present in different platforms. It has value between 0 to 100. For many decades it is considered that when RSI approaches to 30 then market will return to up and when RSI reaches to 70 market will starts towards down. But it is true only in case when market is in sidewave trend.