RSI and MACD are key tools for trend prediction. RSI over 70 suggests overbought conditions, while a MACD crossover signals a potential trend reversal. Using both indicators together helps traders identify the best moments to buy or sell Ethereum.
- 0 replies
- 0 recasts
- 0 reactions
A cryptocurrency project’s whitepaper is a key document that outlines the project's goals, technology, tokenomics, and roadmap. It serves as a blueprint for how the project will function and grow, providing potential investors with crucial information to assess its viability. A well-written, clear, and realistic whitepaper can build trust and credibility, attracting investors who believe in the project's long-term potential. On the other hand, a vague or overly ambitious whitepaper might raise red flags, signaling a lack of transparency or unrealistic expectations. Investors often scrutinize the whitepaper to evaluate the team’s expertise, the problem being solved, and the project’s overall feasibility.
- 0 replies
- 0 recasts
- 0 reactions
Large buy or sell orders in the order book can indicate potential price movement. When a large buy order is placed near a support level, it suggests strong demand at that price, potentially causing the price to rise as the order is absorbed. Similarly, a large sell order near resistance may prevent the price from rising further. If these large orders get filled or move, they can signal potential breakouts or reversals, giving traders valuable insights into where price may be headed based on market liquidity and pressure.
- 0 replies
- 0 recasts
- 0 reactions