ChessCoin (CHESS): Does it Score Well on Short-Term Trading Metrics Sunday?

Sunday, January 23, 2022 12:25 PM | InvestorsObserver Analysts

ChessCoin receives a strong short-term technical ranking of 98 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. CHESS has a superior recent technical analysis than 98% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving ChessCoin a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ChessCoin!

See Full Report

Trading Analysis

ChessCoin is $0.003454 (24.31%) above its 30-day low of $0.014209148 while -$0.001452 (-7.60%) below its 30-day high of $0.01911524. In addition, CHESS's current price of $0.017663247 is above its 30-day moving average price of $0.016296382, leading to a strong short-term technical score. Overall the recent trading history of ChessCoin suggest that investors are bullish on the coin at the moment. CHESS has a relatively low market cap for a coin with a total market value of $954,394.16. ChessCoin's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. ChessCoin's average volume meanwhile is low with $1,028.68 worth of the coin traded over a typical 24 hour period. CHESS's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, CHESS's volume is below its average with $150.22 exchanged.

Summary

CHESS's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on ChessCoin (CHESS).