Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).
- These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.
- Yinbi conducts instantaneous and safe international transfers, with low handling fees.
- This could result in a potential return on investment of compared to the current rates.
- Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition.
Coinotica – Making Crypto Easy shows the most accurate live prices, charts and market rates from trusted top crypto exchanges globally. Coinotica – Making Crypto Easy have over 2100+ cryptocurrencies, trusted historical data, details of active, upcoming and finished ICOs. The website provides a list of cryptocurrency and blockchain related events, valid and authentic list of cryptocurrency wallets and Bitcoin mining pools.
Trends
According to our historical data, it is currently profitable to invest in Yinbi. The price of Yinbi decreased by 0.00% in the last 1 year, while the coin’s 3-year performance is -94.56%. Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.
Yinbi to USD Price Chart
Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. When trying to make a Yinbi forecast, many traders also try to monitor the activity of YINBI “whales”, which are entities and individuals that control large amounts of YINBI. Since the Yinbi market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Yinbi’s price movements. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 32.74, which indicates that the YINBI market is in a neutral position.
How does the Yinbi coin work?
The Yinbi price prediction on CoinCodex is calculated using the historical Yinbi price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Yinbi prediction. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Yinbi.
Each candlestick will display YINBI’s opening price, closing price, as well as the highest and lowest prices that Yinbi reached within the 1-hour period. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Yinbi investors’ sentiment, and is based primarily on Bitcoin-related market data. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely yinbi crypto to forecast bullish price action, while others are seen as bearish. Yinbi traders use a variety of tools to try and determine the direction in which the YINBI market is likely to head next.
Moving averages are among the most popular Yinbi price prediction tools. As the name suggests, a moving average provides the average closing price for YINBI over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for YINBI is a sum of YINBI’s closing prices over the last 12 days which is then divided by 12.
These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of YINBI. The market capitalization of Yinbi can change significantly in a short period of time. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Yinbi’s price action in 1-hour chunks.
- Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time.
- Coinotica – Making Crypto Easy have over 2100+ cryptocurrencies, trusted historical data, details of active, upcoming and finished ICOs.
- Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.
- Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 926 exchanges.
- Based on multiple technical quantitative indicators, the current forecast for Yinbi in 2024 is neutral.
Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community. This success award goes to the combination of people, accurate crypto market analysis and data, the latest news, latest blogs, advertisement placements, and many more. The best instant cryptocurrency exchange platform with the best exchange rates for BTC, ETH, LTC, XRP, ADA and 140+ other cryptocurrencies.
Deposit or buy stake-able coins like MATIC, ADA, ATOM, TRX, ZIL etc. and increase your holdings by up to 20%. Hardware wallet is the safest way to manage & trade your cryptocurrencies. The table above shows the number of days which Yinbi closed above a certain price level. Assets with the largest change in unique page views on CoinStats in the last 24 hours.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the YINBI price moves above any of these averages, it is generally seen as a bullish sign for Yinbi. Conversely, a drop below an important moving average is usually a sign of weakness in the YINBI market. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Just like with any other asset, the price action of Yinbi is driven by supply and demand.
