The currency prices fell in February, a few days time below $6000. These days, however, the currency prices, rose to $11720, to rise above 90%. We seize the currency market? Do you think this is a good time to bottom? In fact, the currency prices are not stable, turmoil elusive.
Market analysts, the prices are COINS before frustration mainly because of the allied government does not support digital currency promotion and development, especially in the south Korean government has banned encryption currency exchange, lead to the currency fell more than 30%. Immediately, some countries said does not support promotion and the development of digital currency in global digital currency market not very optimistic in February.
As for the recent currency prices, market participants believe that the enthusiasm of investors are still affected by the government attitude and regulatory policies. At present, the governments attitude towards digital currency remains unclear, leading to both investors and financial institutions have no confidence to sure.
For COINS, it seems that is not a good one million head. Traders trying to seek the currency in the chart pattern future price direction, more indicators show that the world's largest digital currency may fall further.
COINS 50-day moving average line in the nine months fell to near a 200 - day moving average. Under this level - this is never happened since 2015 -- marked the technical traders face new weaknesses, they may be called the trend "death cross" (death cross). Another moving average momentum indicators have turned bearish.
Although many encryption currency investors don't care about technical analysis, but the world of digital currency has attracted the interest of professional traders. In December last year, after the digital currency rose to record levels, professional traders of these indicators is more and more attention.
Dubai Market Securities co., Ltd. (Market Securities Dubai Ltd) technical analysts, futures and options, director Paul Day (Day), said: "at the end of 2017 the Market speculation bubble activities after several months, the Market appeared a decisive change."
The virtual currency strategist studied slump in 2013, in search of what action it might take at this time. What is he come to the conclusion? If falling trend happening again, the currency price will be down 76% from late February high, to a paltry $2800.
Another shows a weak indicators is MACD indicators (exponential smoothing moving averages), which measures the cost of buy and sell signals for lightning is kinetic energy.
Anyway, the currency investors better volatility of its keep a peace of mind. In the first 10 months of 2015, when the currency of the 50-day moving average last time wandering in a longer moving average line, its performance is bleak. During this period, the currency fell by 5.2%, and then from the day of break through resistance, rising 43% since then.
Since 2015, it remained on the 200 - day moving average, and in the process, three consecutive annual revenues.