RSI being a lagging indicator rarely helps. Most of the time it fails to predict anything so I really don't recommend you use it.
It works if you know what you are doing and what you are looking for. RSI and alongside EMA helped me make roughly 15% profit on one of the trades this week on a coin which is even dumping as shown by the daily chart.
I usually look at that double dip as shown in the first yellow box. As soon as the second dip starts to rise past 30 that's a strong buy signal for me even before the 4 EMA cross over each other to show a bullish trend
Now my target is usually 7% profit but in this scenario the sell signal came at around 15% which i happily took (a 4 EMA crossover and the RSI overbought indication in the second yellow box was enough to convince me to sell). Now tell me how this is a failure to predict?
Remember this is a dumping coin where people can't even think of making a profit
