Free Cryptocurrency Screener with RSI: Complete Guide

Learn how to use RSI (Relative Strength Index) and other technical indicators to screen cryptocurrencies. Learn how to use RSI to identify overbought and oversold conditions in the cryptocurrency market. This educational guide explains how to use technical indicators for research purposes.

•10 min read

Disclaimer: Not Financial Advice

The information provided on this website is for educational and informational purposes only. It is not intended as financial, investment, or trading advice. Cryptocurrency investments carry significant risk, and you may lose your entire investment. Past performance does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We do not endorse or recommend any specific cryptocurrencies, trading strategies, or investment decisions.

What is RSI and Why Use It for Crypto Screening?

RSI (Relative Strength Index) is a momentum oscillator that measures the speed and magnitude of price changes. It ranges from 0 to 100 and helps identify overbought and oversold conditions in the market.

RSI Interpretation:

  • RSI above 70: Overbought - some traders view this as a potential selling opportunity
  • RSI below 30: Oversold - some traders view this as a potential buying opportunity
  • RSI 30-70: Neutral range - normal market conditions
  • RSI 50: Midpoint - bullish above, bearish below

By filtering cryptocurrencies by RSI, you can quickly identify coins that are potentially overbought or oversold, which some traders use as part of their analysis. This is for educational purposes only.

How to Use RSI in Cryptocurrency Screening

Strategy 1: Find Oversold Coins (Educational Example)

Some traders filter for coins with RSI below 30 to identify oversold conditions. This is an educational example:

  1. Set RSI filter to maximum 30
  2. Add volume filter (minimum $5M 24h volume)
  3. Research coins with positive fundamentals
  4. Review charts for additional context
  5. Monitor when RSI starts rising from oversold levels

Strategy 2: Find Overbought Coins (Educational Example)

Some traders filter for coins with RSI above 70 to identify overbought conditions. This is an educational example:

  1. Set RSI filter to minimum 70
  2. Check if coin is at resistance levels
  3. Review volume - decreasing volume may confirm overbought conditions
  4. Understand risk management principles

Strategy 3: Balanced Approach (RSI 30-70)

For conservative traders, filter for coins with RSI between 30-70:

  • Avoids extreme overbought/oversold conditions
  • More stable trading opportunities
  • Lower risk but potentially lower rewards
  • Good for swing trading strategies

Combining RSI with Other Indicators

RSI works best when combined with other technical indicators:

RSI + MACD

Some traders observe that when RSI shows oversold AND MACD crosses above signal line, it may indicate a potential pattern. Filter for both conditions simultaneously.

RSI + Volume

Oversold RSI with increasing volume may suggest increased trading activity. Filter for RSI < 30 and volume increase.

RSI + Moving Averages

Some traders observe RSI oversold conditions when price is above 50-day MA. Combine filters for more comprehensive analysis.

RSI + Bollinger Bands

RSI oversold + price touching lower Bollinger Band = strong reversal signal. Use both indicators together.

Step-by-Step: Using Our Free RSI Screener

  1. Access the Screener: Navigate to our cryptocurrency screener tool
  2. Set RSI Filter: Click on "RSI" filter and set your desired range (e.g., 0-30 for oversold)
  3. Add Additional Filters: Combine with volume, market cap, or price filters
  4. Review Results: Check the filtered coins and their RSI values
  5. Analyze Charts: Click on coins to view detailed charts and confirm signals
  6. Set Alerts: Create price alerts for coins that meet your criteria

Common RSI Trading Mistakes

  • Acting immediately at RSI 30: Wait for confirmation - RSI can stay oversold for extended periods
  • Ignoring trend: RSI works better in ranging markets than strong trends
  • Using RSI alone: Always combine with other indicators and analysis
  • Wrong timeframe: RSI on daily charts differs from hourly charts
  • Over-trading: Not every RSI signal is worth trading

Advanced RSI Strategies

RSI Divergence

Look for divergence between price and RSI. If price makes new lows but RSI makes higher lows, it's a bullish divergence and potential reversal signal.

RSI Failure Swings

When RSI fails to reach previous highs (bearish) or lows (bullish), it indicates potential trend reversal.

Conclusion

Using RSI in cryptocurrency screening is a powerful way to identify trading opportunities. Our free crypto screener with RSI allows you to quickly filter thousands of coins to find those with favorable RSI conditions. Remember to combine RSI with other indicators and always do your own research before trading.

Ready to start screening with RSI? Try our free cryptocurrency screener and filter by RSI and other technical indicators today.

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