Based on today's classical pivot point (P1) with the value of $0.08408, TrendX has support levels of $0.07960, $0.07708, and the strongest at $0.07261. Similarly, TrendX resistance levels are at $0.08660, $0.09107, and $0.09359.
| # | Price | Strength |
|---|---|---|
| S1 | $0.07960 | |
| S2 | $0.07708 | |
| S3 | $0.07261 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.08660 | |
| R2 | $0.09107 | |
| R3 | $0.09359 |
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) | 37.96 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 15.44 | BUY |
| Commodity Channel Index (20) | -86.65 | NEUTRAL |
| Average Directional Index (14) | 21.40 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -84.56 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 39.48 | NEUTRAL |
| VWMA (10) | 0.08 | SELL |
| Hull Moving Average (9) | 0.08 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.09 | NEUTRAL |
Over the past 7 days, TrendX price was most positively correlated with the price of APENFT (NFT), Bitcoin SV (BSV), Shiba Inu (SHIB), Ethereum (ETH) and Immutable X (IMX) and most negatively correlated with the price of DeXe (DEXE), Ethena (ENA), Worldcoin (WLD), Beldex (BDX) and Canton (CC).
| Name | Correlation |
|---|---|
| APENFT | 0.537 |
| Bitcoin SV | 0.529 |
| Shiba Inu | 0.495 |
| Ethereum | 0.493 |
| Immutable X | 0.490 |
| Name | Correlation |
|---|---|
| DeXe | -0.293 |
| Ethena | -0.280 |
| Worldcoin | -0.097 |
| Beldex | -0.014 |
| Canton | 0.066 |
TrendX price is positively correlated with the top 10 coins by market cap with a price of 0.440, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.385.
Currencies that are positively correlated with TrendX 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 TrendX, a move in one direction for TrendX would translate into a move in the opposite direction for the negatively correlated coin.
