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| comment | | "parent_author":"",<br>"parent_permlink":"dent",<br>"author":"entact",<br>"permlink":"dent-technical-analysis---13th-may",<br>"title":"Dent Technical Analysis - 13th May",<br>"body":"\n<html>\n<p><img src=\"https:\/\/www.dropbox.com\/s\/h5p9tz1fykdzc83\/Dent.PNG?dl=1\"\/><\/p>\n<h1>Daily Technical Analysis Summary for Dent — 13th May 2018 <\/h1>\n<p>Welcome to the Technical Analysis Summary for Dent — 13th May 2018. <\/p>\n<p>This report investigates 4 popular technical analysis indicators: <\/p>\n<ul>\n <li>Moving Average Convergence Divergence <\/li>\n <li>Relative Strength Index<\/li>\n <li>Aroon Indicator<\/li>\n <li>On-Balance Volume<\/li>\n<\/ul>\n<p> The above indicators are used in technical analysis as tools for forecasting the direction of prices through the study of past market data,<br> primarily price and volume.<br>\n<br>\nThey are based on the idea that the market for buying and selling digital currencies is not efficient and historic prices can be used to predict future price movements,<br> and using these tools can be advantageous to investors and traders. <\/p>\n<h2>Moving Average Convergence Divergence (MACD) <\/h2>\n<p>The graph below shows the MACD applied to the price of Dent using daily price data for the last 40 days. <\/p>\n<p><img src=\"https:\/\/www.dropbox.com\/s\/qnffqaakrwb2p4m\/MACD20180513_1526218207.PNG?dl=1\"\/><\/p>\n<p> As shown in the chart above,<br> the MACD is currently below the signal line,<br> implying a bearish signal,<br> indicating that it may be an optimal time to sell. <\/p>\n<p>According to the MACD,<br> a bearish signal suggests that the price of the asset is likely to experience downward momentum. <\/p>\n<h2>Relative Strength Index (RSI)<\/h2>\n<p>The graph below shows the RSI applied to the price of Steem based on daily price data for the last 40 days. <\/p>\n<p><img src=\"https:\/\/www.dropbox.com\/s\/rhyn1r9e6by5th6\/RSI20180513_1526218207.PNG?dl=1\"\/><\/p>\n<p>Since the RSI is currently between 30 and 70,<br> this would indicate that Dent is neither overbought or oversold and that no material price change is expected. <\/p>\n<h2>Aroon Indicator<\/h2>\n<p>The graph below shows the Aroon Indicator using the price of Dent over the last 40 days. <\/p>\n<p>The Aroon indicators move above and below the centerline (50) and are bound between 0 and 100. These three levels can be explained as follows: When the Aroon-Up is above 50 and the Aroon-Down is below 50,<br> the bulls have an edge. This indicates a greater propensity for new x-day highs than lows. The opposite is true for a downtrend. The bears have an edge when Aroon-Up is below 50 and Aroon-Down is above 50. <\/p>\n<p>In the graph below,<br> the Aroon-Up is below 50 and the Aroon-Down is above 50 indicating a bearish signal.<\/p>\n<p><img src=\"https:\/\/www.dropbox.com\/s\/echukct8soxqdvc\/AROON20180513_1526218207.PNG?dl=1\"\/><\/p>\n<h2>On-Balance Volume (OBV) <\/h2>\n<p>The graph below shows the OBV applied to the price of Dent using daily price data for the last 40 days. <\/p>\n<p><img src=\"https:\/\/www.dropbox.com\/s\/yk15ihhagxfo5ii\/OBV20180513_1526218207.PNG?dl=1\" width=\"564\" height=\"564\"\/><\/p>\n<p><strong>Please note that the above indicators can give false trade signals and use of such tools should be treated with caution. Blindly using technical pricing indicators without a general knowledge of fundamentals or an understanding of the currency being analysed is not advisable.<\/strong><\/p>\n<p>Thank you for reading<\/p>\n<p> <em>Source of data: www.coinmarketcap.com<\/em> <\/p>\n<p><br><\/p>\n<\/html>\n",<br>"json_metadata":" \"tags\": [\"dent\",<br> \"crypto\",<br> \"blockchain\",<br> \"crypto-news\",<br> \"news\" " |
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