Bitcoin Incognito (XBI): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, December 31, 2022 07:22 AM | InvestorsObserver Analysts

InvestorsObserver gives Bitcoin Incognito a weak long-term technical score of 3 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. XBI at this time has a superior long-term technical analysis score than 3% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Bitcoin Incognito a 3 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Incognito!

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Trading Analysis

XBI is currently -$0.0013501 (-75.80%) below its 100-day moving average price of $0.001781033 with its current price of $0.000430935. Meanwhile, Bitcoin Incognito is $0.0002340 (-5586609.06%) above its 52-week low price of $0.000196892 and -$0.00829093 (-114649.46%) below its 52-week high of $0.008721863. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 3. Trends for the long-term trading history of Bitcoin Incognito suggest that traders are currently bearish on the coin. Bitcoin Incognito has a total market value of $5,615.83 with an low average daily volume of $22.43 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, XBI's volume is below its average with $3.16 exchanged in total.

Summary

Trading patterns over the last year for Bitcoin Incognito leads to the coin's a weak long-term technical score of 3 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Bitcoin Incognito (XBI).