Today’s analysis suggests an overall “Buy” signal for the market.
As of now, the current price of Bitcoin is $24670, with an almost 0.36% increase in the last hour. There was a 1.42% decrease in its price in the last 24 hours. The 7-day Bitcoin was up by 11.27%.
Ethereum (ETH) is currently trading at $1705.93, with an almost 0.25% increase in the last hour. There has been a 1.19% decrease in its price in the last 24 hours. The 7-day ETH has been up 10.68%.
The Exponential Moving Average for 10-day and 200-day indicates a “Buy” at 23705.72 and 21565.57, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” as well at 23340.60 and 19738.16, respectively. Both moving averages indicate a buy market.
The Ichimoku Base Line, valued at 23191.29, continues to be neutral, whereas the Hull Moving Average indicates a “Sell” signal at 24947.02. The Volume Weighted Moving Average at 23191.29 continues to signal “Buy.”
Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 63.17, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 78.63 and 38.84, respectively, further indicating a neutral market.
The MACD Level (12, 26), at 691.96, indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 81.14 with a “Sell” indicator, while the Williams Percent Range (14) at −22.91 also signals “Neutral.”
As of 10:00 AM, 20th February 2023, on WazirX, the current price of Bitcoin is ₹20,67,993, with an almost 0.33% decrease in the last hour. There was a 1.7% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up 0.76%.
Ethereum (ETH) is currently trading at ₹1,42,499.9, with a 0.07% increase in the last hour. There has been a 1.09% decrease in its price in the last 24 hours. The 7-day ETH is down by 0.99%.
The top gainers on WazirX include Stacks (STX), Neo (NEO), and Quick Swap (QUICK), with a price increase of 95.08%, 50.75%, and 50.67%, respectively.
However, the tokens that underperformed comprised Dusk Network (DUSK), Nervos Network (CKB), and dYdX (DYDX), with a price decrease of 8.16%, 5.47%, and 4.63%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.08% and is now priced at ₹0.001133. Dogecoin also saw a decrease of 1.2% and is now priced at ₹7.40Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.