Unitrade (TRADE): Does it Score Poorly on Long-Term Trading Metrics Monday?

Monday, October 03, 2022 04:32 PM | InvestorsObserver Analysts

Unitrade receives a strong long-term technical score of 96 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, TRADE holds a superior long-term technical analysis score than 96% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Unitrade a 96 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Unitrade!

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Trading Analysis

The current trading price of $0.049419601 for TRADE is -$0.0036831 (-6.94%) below the tokens 100-day moving average of $0.053102734. TRADE meanwhile is $0.0391377 (-106503.02%) above its 52-week low of $0.010281944 and -$0.16126892 (-4722.89%) under its 52-week high price of $0.210688516. Unitrade's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 96. The price movement and range of TRADE suggest that investors are neutral on the token at this time. Unitrade has a market capitalization of $972,272.20 and a relatively low average daily volume with $1,665,844.24 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, TRADE's volume is below its seven day average with 321,822.33 exchanged. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Trading patterns over the last year for Unitrade leads to the token's a strong long-term technical score of 96 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Unitrade (TRADE).