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What do the Long-Term Technicals Predict for Bitcoin Incognito (XBI) Monday?

Monday, January 30, 2023 01:03 PM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for Bitcoin Incognito (XBI) Monday?

Bitcoin Incognito receives a weak long-term technical score of 0 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. XBI currently holds a superior long-term technical analysis score than 0% 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'.

Long-Term Technical - 0
InvestorsObserver is giving Bitcoin Incognito a 0 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Incognito!

Trading Analysis

Bitcoin Incognito's price is -$0.0013375 (-68.16%) below its 100-day moving average price of $0.001962333 as its price at the moment sits at $0.000624786. Additionally, XBI is $0.0004279 (-5586510.60%) higher than its 52-week low price of $0.000196892 while -$0.00530189 (-168718.10%) under its 52-week high of $0.005926676. The current trading price in relation to its long-term average along with its 52-week high and low, gives XBI an average long-term technical score of 0. Long-term trading movement of Bitcoin Incognito suggest that investors are bearish on the coin at the moment. Bitcoin Incognito has a market capitalization of $8,142.05 and a relatively low average daily volume with $69.29 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XBI's volume is below its seven day average with 9.79 exchanged.

Summary

XBI's historical trading over the past year gives it a a weak long-term technical score of 0 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 Bitcoin Incognito (XBI).

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