Carebit (CARE): How Does the Chart Look Friday?

Friday, December 31, 2021 10:13 AM | InvestorsObserver Analysts

Carebit receives an average long-term technical score of 41 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. CARE currently holds a superior long-term technical analysis score than 41% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Carebit a 41 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Carebit!

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Trading Analysis

CARE is currently -$0.0000249 (-20.59%) below its 100-day moving average price of $0.000120824 with its current price of $0.000095950. Meanwhile, Carebit is $0.0000562 (-27646556.32%) above its 52-week low price of $0.000039788 and -$0.00076534 (-1161037.95%) below its 52-week high of $0.000861290. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 41. Trends for the long-term trading history of Carebit suggest that traders are currently bearish on the coin. Carebit currently has a total market cap of $15,146.13 to go along with its average daily volume of $0.25 worth of the currency over the past seven days. CARE's volume is below its seven day average as of the past 24 hours, with 0.04 exchanged in that period.

Summary

CARE's historical trading over the past year gives it a an average long-term technical score of 41 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Carebit (CARE).