Youth Yesterday I made a trading deal, and when I closed the deal and pressed the sell button, I received a request to send the order, and until now the currency is still with me and has not been sold.
Is $AUCTION poised for a major breakout? Comprehensive psychological and technical analysis
$AUCTION ✅ The market does not give golden opportunities easily... But when they come, you must be ready! 📉 The currency $AUCTION underwent a sharp correction of 70% after its strong rise of 393%!
The question now is: Are we in an accumulation zone before the explosion, or is there a greater risk? 🤔
📊 Technical scenario – Are we at an ideal bottom?
🚀 After breaking the descending wedge pattern, the price rose by 393%!
Traders of AIXBT use a wide range of trading signals and technical indicators to predict price movements. Although not all methods are necessary for accurate market direction predictions, some key indicators carry more weight. Identifying support and resistance levels for AIXBT by Virtuals provides insight into market supply and demand while helping to identify trend reversals. Additionally, chart patterns are widely used by traders to form trend lines that assist in predicting the next candle's movement. Various indicators such as the Relative Strength Index (RSI), moving averages, and MACD can be used to determine the long-term trend direction and attempt to predict future price movements. The price action is in a bearish side, with the price falling below the horizontal resistance area of $0.00 after previously moving lower. These divergences are considered bearish signals. Despite this decline, the price of AIXBT is still achieving % N/A positive since the beginning of the year. The Relative Strength Index (RSI) provides additional insight into market momentum by measuring the size of price movements of AIXBT by Virtuals to determine whether it is overvalued or undervalued. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions, and to make a decision to accumulate or sell assets.
The price of aixbt by Virtuals against the US dollar is being updated in real-time. aixbt by Virtuals is currently trading at a price of 0.1099264119526 against (AIXBT/USD) with a live market cap of up to 81.74 million$. The trading volume in the last 24 hours reached -3.10 million and the currency moved -3.84924% negatively. The circulating supply is 855.61 million, aixbt by Virtuals and the currency movement is negative. The fundamental analysis aims to assess the intrinsic value of assets, while technical analysis involves studying statistical patterns in the price and trading volume of those assets. Both techniques are used to analyze and predict potential developments in the future price of the asset. In the case of AIXBT, the simplest way to conduct fundamental analysis is to look at the dynamics of supply and demand. Additionally, the market capitalization (81.74 million$) and circulating supply (855.61 million) can be considered to arrive at reasonable price assumptions for the future. On the demand side, data on the chain related to the number of active addresses, new addresses, and the number of transactions can be examined. It is important to note that some predictions of cryptocurrency prices may show contradictions. There is no clear way to determine the future value of any cryptocurrency. This is related to the presence of many factors in price predictions for currencies. It is not uncommon for the trajectory of cryptocurrency prices to change significantly based on a single announcement at any given time.