Based on today's classical pivot point (P1) with the value of $0.0₅3323, The Happy Merchant has support levels of $0.0₅3274, $0.0₅3236, and the strongest at $0.0₅3187. Similarly, The Happy Merchant resistance levels are at $0.0₅3361, $0.0₅3411, and $0.0₅3449.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅3274 | |
| S2 | $0.0₅3236 | |
| S3 | $0.0₅3187 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅3361 | |
| R2 | $0.0₅3411 | |
| R3 | $0.0₅3449 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 42.87 | NEUTRAL |
| Stoch RSI (14) | 63.15 | NEUTRAL |
| Stochastic Fast (14) | 55.43 | NEUTRAL |
| Commodity Channel Index (20) | 120.13 | SELL |
| Average Directional Index (14) | 12.05 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -44.57 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | BUY |
| Ultimate Oscillator (7, 14, 28) | 52.86 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, The Happy Merchant price was most positively correlated with the price of Conflux (CFX), Polygon Ecosystem Token (POL), Optimism (OP), Celestia (TIA) and Arbitrum (ARB) and most negatively correlated with the price of Zcash (ZEC), JUST (JST), Dash (DASH), Decred (DCR) and Beldex (BDX).
| Name | Correlation |
|---|---|
| Conflux | 0.935 |
| Polygon Ecosystem Token | 0.891 |
| Optimism | 0.888 |
| Celestia | 0.888 |
| Arbitrum | 0.885 |
| Name | Correlation |
|---|---|
| Zcash | -0.790 |
| JUST | -0.774 |
| Dash | -0.717 |
| Decred | -0.705 |
| Beldex | -0.387 |
The Happy Merchant price is positively correlated with the top 10 coins by market cap with a price of 0.735, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.549.
Currencies that are positively correlated with The Happy Merchant indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with The Happy Merchant, a move in one direction for The Happy Merchant would translate into a move in the opposite direction for the negatively correlated coin.
