Coin98 Pattern Recognition Takuri Dragonfly Doji with very long lower shadow
| C98 Crypto | USD 0.17 0.02 13.33% |
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Recognition |
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of two valid pattern recognition events for the selected time horizon. Takuri (The Dragonfly Doji pattern signals indecision among Coin98 traders. The Dragonfly Doji with very long lower shadow pattern indicates that Coin98 direction of the trend may be nearing a major turning point.)
Coin98 Technical Analysis Modules
Most technical analysis of Coin98 help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Coin98 from various momentum indicators to cycle indicators. When you analyze Coin98 charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Coin98 Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Coin98. We use our internally-developed statistical techniques to arrive at the intrinsic value of Coin98 based on widely used predictive technical indicators. In general, we focus on analyzing Coin98 Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Coin98's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Coin98's intrinsic value. In addition to deriving basic predictive indicators for Coin98, we also check how macroeconomic factors affect Coin98 price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Coin98 pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coin98 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coin98 will appreciate offsetting losses from the drop in the long position's value.Coin98 Pair Trading
Coin98 Pair Trading Analysis
The ability to find closely correlated positions to Coin98 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coin98 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coin98 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coin98 to buy it.
The correlation of Coin98 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coin98 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coin98 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coin98 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coin98. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.