Crypto Market Technical Indicator Analysis - January 19th, 2023
Summary
In this report, we analyzed various technical indicators for the total crypto market capitalization during the week of January 8th to January 19th, 2023. We calculated the average of the previous 10 days of data for each indicator, compared the last day's data to its corresponding average and the entire range of data provided, and analyzed the correlation between these comparisons. We also detected chart patterns, drew conclusions, and provided a recommendation for potential investors.
Key Findings
Most indicators are trending upward, with the exception of CCI 20 which is trending downward.
1. The RSI14 indicates a downward trend with a deviation of -1.63% from the 10-day average.
2. The RSI Moving Average indicates an upward trend with a deviation of 8.24% from the 10-day average.
3. The HMA indicates an upward trend with a market capitalization of 945.979B on January 19th.
4. The Trend Indicator shows a consistent trend up with a value of 92.86% on January 19th and a trend down of 7.14%.
5. The CCI 20 indicates a downward trend with a value of 94.21 on January 19th, deviation of -52.33% from the 10-day average.
6. The DMI 14 indicates a Bullish Divergence pattern, indicating potential for a market reversal.
Recommendation
1. Hold onto current investments and monitoring the market for signs of reversal.
2. Long position with a stop loss at 7% below current market value and a take profit at 10% above current market value, with an estimated probability of success at 60%.
3. Watch out for a break below the support level of RSI14 in case of market reversal.
It is important to conduct further research and stay informed on market developments before making any investment decisions.
Summary
In this report, we analyzed various technical indicators for the total crypto market capitalization during the week of January 8th to January 19th, 2023. We calculated the average of the previous 10 days of data for each indicator, compared the last day's data to its corresponding average and the entire range of data provided, and analyzed the correlation between these comparisons. We also detected chart patterns, drew conclusions, and provided a recommendation for potential investors.
Key Findings
Most indicators are trending upward, with the exception of CCI 20 which is trending downward.
1. The RSI14 indicates a downward trend with a deviation of -1.63% from the 10-day average.
2. The RSI Moving Average indicates an upward trend with a deviation of 8.24% from the 10-day average.
3. The HMA indicates an upward trend with a market capitalization of 945.979B on January 19th.
4. The Trend Indicator shows a consistent trend up with a value of 92.86% on January 19th and a trend down of 7.14%.
5. The CCI 20 indicates a downward trend with a value of 94.21 on January 19th, deviation of -52.33% from the 10-day average.
6. The DMI 14 indicates a Bullish Divergence pattern, indicating potential for a market reversal.
Recommendation
1. Hold onto current investments and monitoring the market for signs of reversal.
2. Long position with a stop loss at 7% below current market value and a take profit at 10% above current market value, with an estimated probability of success at 60%.
3. Watch out for a break below the support level of RSI14 in case of market reversal.
It is important to conduct further research and stay informed on market developments before making any investment decisions.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.