How to know Altcoins/Tokens overbought or oversold

[Fenderr]

Okay guys I stumbled on a very interesting site that tells you which coins/tokens are overbought or oversold. This helps you make decisions on which train to hop on and which one to jump off. I think this a veritable tool in deciding which coins to trade or hodl, so I thought to share.
 
=====> https://rsihunter.com/

[jimbo2000]

This uses average price rises and falls to give a recommendation which is generally a fairly sound tool if you are looking for a good entry point in to a coin you believe in but many coins will show as underbought when they're simply just crashing because people have realised they actually have little value anymore.

[Lovecove]

I checked out the site and it looks legit, except that it's a little spammy with ads... and I'm not too certain it's free and clear of malware and crypto mining scripts.

But it does have a good range of alt reports, and it does do a good job of displaying RSI in realtime.

The only issue I take with it is the fact that you're saying RSI is the only factor to take into account when crypto trading.

I've many a time gotten justed by relying only on RSI. So I don't think it's solid advice to give to new traders or seasoned traders that all you need to do is see if something has an insane low/high RSI. I've done that and either sold too soon or bought too high.

Don't take this advice to heart, but what I DID find is that if you do RSI + MacD, it works very well. When the RSI and MACD lines criss-cross, it's usually a good indicator that something is about to peak, then fall. So sell before they criss-cross. But don't take this advice as truth and it's certainly not financial investment advice.

[gregall]

Thanks for this info! Very helpful.

[Fenderr]

I checked out the site and it looks legit, except that it's a little spammy with ads... and I'm not too certain it's free and clear of malware and crypto mining scripts.

But it does have a good range of alt reports, and it does do a good job of displaying RSI in realtime.

The only issue I take with it is the fact that you're saying RSI is the only factor to take into account when crypto trading.

I've many a time gotten justed by relying only on RSI. So I don't think it's solid advice to give to new traders or seasoned traders that all you need to do is see if something has an insane low/high RSI. I've done that and either sold too soon or bought too high.

Don't take this advice to heart, but what I DID find is that if you do RSI + MacD, it works very well. When the RSI and MACD lines criss-cross, it's usually a good indicator that something is about to peak, then fall. So sell before they criss-cross. But don't take this advice as truth and it's certainly not financial investment advice.

Absolutely! Certainly doesn't it shouldn't be sufficient information to take a buy or sell decision. That being said, I recently found the RSI + MACD as a veritable tool for trade decisions. I actually found out in a training today.