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Crypto · indicator signal

RSI overbought drop on Filecoin

On Filecoin the rsi overbought drop showed up 846 times. The target came first 36% of the time, the stop 56%, and 9% went nowhere within 12 candles.

Counted on Filecoin (FIL/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2343%57%0%
4-hour17240%52%8%
Hourly65134%57%9%

Filecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Filecoin84636%56%9%
All Crypto charts23,32134%57%9%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
202113933%59%
202211932%61%
202316137%49%
202416731%61%
202513540%54%
202612542%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the rsi overbought drop is

RSI rose above 70, then fell back below it. Buying may be tiring.

Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.

The full rsi overbought drop lesson, video and quiz ›

Other patterns on Filecoin

Inside bar · Spinning top · Stochastic bearish cross · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The rsi overbought drop elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the rsi overbought drop work on Filecoin?

In 846 cases on Filecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 56%; 9% went nowhere within 12 candles.

What is the rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.