JosiahTullis
Panjang

Adjusted RSI shows NEO heavily oversold

BITFINEX:NEOUSD   NEO / Dollar
BTC             is sucking the life blood out of alts, and NEO is no exception. Heavily oversold on the cyclic adjusted RSI indicator.

The cyclic smoothed RSI indicator is an enhancement of the classic RSI , adding
* additional smoothing according to the market vibration,
* adaptive upper and lower bands according to the cyclic memory and
* using the current dominant cycle length as input for the indicator.
RSI at 37 is nothing in crypto - RSI oversold is past 30, i think we still have further to go
down to the red kijun at around $84/$85
snapshot
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JosiahTullis greenback56
@greenback56, I think you're analysis may be right, but it's worth pointing out I'm looking at the adjusted RSI which adds a lower band that becomes the new oversold point.
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