Written by 12:29 pm Bitcoin

How Does it Rank Friday on Long-Term Trading Metrics?

Bitcoin Standard Hashrate Token receives a weak long-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

Currently, BTCST holds a superior long-term technical analysis score than 1% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

Long-Term Technical - 1
InvestorsObserver is giving Bitcoin Standard Hashrate Token a 1 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Standard Hashrate Token!

Trading Analysis

The current trading price of $0.750000000 for BTCST is -$6.4600000 (-89.55%) below the tokens 100-day moving average of $7.210000000. BTCST meanwhile is $0.0200000 (-1390.61%) above its 52-week low of $0.740000000 and -$39.85000000 (-22.77%) under its 52-week high price of $40.610000000. Bitcoin Standard Hashrate Token’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 1. The price movement and range of BTCST suggest that investors are bearish on the token at this time.

Bitcoin Standard Hashrate Token has a total market value of $9,188,226.06 with an low average daily volume of $6,007,705.05 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BTCST’s volume is below its average with $807,635.46 exchanged in total.

Summary

Trading patterns over the last year for Bitcoin Standard Hashrate Token leads to the token’s a weak long-term technical score of 1 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.

Click Here to get the full Report on Bitcoin Standard Hashrate Token (BTCST).

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter

Source link

Close