Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).
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- Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.
- In , () is anticipated to change hands in a trading channel between and , leading to an average annualized price of .
- The current Yinbi sentiment is neutral according to our technical analysis.
- According to our historical data, it is currently profitable to invest in Yinbi.
- Over the past 7 days, Yinbi price was most positively correlated with the price of and most negatively correlated with the price of .
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50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the YINBI price moves above any of these averages, it is generally seen as a bullish sign for Yinbi. Conversely, a drop below an important moving average is usually a sign of weakness in the YINBI market. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Just like with any other asset, the price action of Yinbi is driven by supply and yinbi crypto demand.
Deposit or buy stake-able coins like MATIC, ADA, ATOM, TRX, ZIL etc. and increase your holdings by up to 20%. Hardware wallet is the safest way to manage & trade your cryptocurrencies. The table above shows the number of days which Yinbi closed above a certain price level. Assets with the largest change in unique page views on CoinStats in the last 24 hours.
What is Yinbi’s price prediction today?
Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. When trying to make a Yinbi forecast, many traders also try to monitor the activity of YINBI “whales”, which are entities and individuals that control large amounts of YINBI. Since the Yinbi market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Yinbi’s price movements. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 32.74, which indicates that the YINBI market is in a neutral position.
Yinbi Price Prediction 2029
The Yinbi price prediction on CoinCodex is calculated using the historical Yinbi price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Yinbi prediction. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Yinbi.
According to our historical data, it is currently profitable to invest in Yinbi. The price of Yinbi decreased by 0.00% in the last 1 year, while the coin’s 3-year performance is -94.56%. Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.
These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of YINBI. The market capitalization of Yinbi can change significantly in a short period of time. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Yinbi’s price action in 1-hour chunks.
- Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the YINBI price.
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- Assets with the largest change in unique page views on CoinStats in the last 24 hours.
- Currently, the Yinbi Fear & Greed Index stands at 78, which means that investors’ sentiment is in the so-called Extreme Greed zone.
- 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
- The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Yinbi.
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Moving averages are among the most popular Yinbi price prediction tools. As the name suggests, a moving average provides the average closing price for YINBI over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for YINBI is a sum of YINBI’s closing prices over the last 12 days which is then divided by 12.