DevMak
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$pi
1. Price Chart (PI/USDT on BitMart):
Overall Trend: The main price chart shows the daily (1D) price action for PIUSDT (Pi Network/Tether USD). We can observe a somewhat choppy but generally sideways trading pattern. There's no clear dominant uptrend or downtrend.
Key Levels:
It's crucial to identify key support and resistance levels. Visually, potential support might be found around the 60-61 USDT range, while resistance could be near the 80 USDT level.
Volatility:
The chart indicates periods of significant volatility, evidenced by the sharp spikes and drops in price. This suggests that PIUSDT can experience rapid price swings.
Volume:
The volume indicator at the bottom of the price chart is essential. High volume during price rallies adds strength to the move, while high volume during declines confirms selling pressure. Analyze volume in relation to price action to gauge the conviction behind the moves
2. CCI 20 (Commodity Channel Index):
Momentum:
The CCI is a momentum indicator that measures the deviation of the price from the average price over a given period (20 periods in this case).
Overbought/Oversold:
Generally, CCI values above +100 indicate overbought conditions, while values below -100 suggest oversold conditions.
Trend Confirmation:
Use CCI to confirm the direction of a trend. For example, if the price is rising and the CCI crosses above +100, it could signal a strong uptrend. Conversely, if the price is falling and the CCI crosses below -100, it could indicate a strong downtrend.
Divergence:
Look for divergences between price and CCI. For instance, if the price is making higher highs but the CCI is making lower highs, it could be a bearish divergence, potentially signaling a trend reversal.
1. Price Chart (PI/USDT on BitMart):
Overall Trend: The main price chart shows the daily (1D) price action for PIUSDT (Pi Network/Tether USD). We can observe a somewhat choppy but generally sideways trading pattern. There's no clear dominant uptrend or downtrend.
Key Levels:
It's crucial to identify key support and resistance levels. Visually, potential support might be found around the 60-61 USDT range, while resistance could be near the 80 USDT level.
Volatility:
The chart indicates periods of significant volatility, evidenced by the sharp spikes and drops in price. This suggests that PIUSDT can experience rapid price swings.
Volume:
The volume indicator at the bottom of the price chart is essential. High volume during price rallies adds strength to the move, while high volume during declines confirms selling pressure. Analyze volume in relation to price action to gauge the conviction behind the moves
2. CCI 20 (Commodity Channel Index):
Momentum:
The CCI is a momentum indicator that measures the deviation of the price from the average price over a given period (20 periods in this case).
Overbought/Oversold:
Generally, CCI values above +100 indicate overbought conditions, while values below -100 suggest oversold conditions.
Trend Confirmation:
Use CCI to confirm the direction of a trend. For example, if the price is rising and the CCI crosses above +100, it could signal a strong uptrend. Conversely, if the price is falling and the CCI crosses below -100, it could indicate a strong downtrend.
Divergence:
Look for divergences between price and CCI. For instance, if the price is making higher highs but the CCI is making lower highs, it could be a bearish divergence, potentially signaling a trend reversal.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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