In this Tranchess technical analysis, we will examine the current price action, trading volume, key levels and indicators for CHESS-USDT. Tranchess (CHESS) is a decentralized finance (DeFi) platform that offers a range of services, including lending, borrowing, and trading. The platform utilizes smart contracts and blockchain technology to provide secure and transparent financial transactions. With its innovative approach to DeFi, Tranchess has gained significant attention in the cryptocurrency market.
Tranchess Price Overview:
As of September 22, 2023, Tranchess is trading at approximately 0.1256 USDT. Let’s dive into the detailed price action for CHESS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1233 |
| High (H) | 0.1275 |
| Low (L) | 0.1224 |
| Close (C) | 0.1256 |
| Volume (C) | 2,089,702.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1233 USDT.
- High (H): Tranchess reached a daily high of around 0.1275 USDT.
- Low (L): The daily low for CHESS-USDT was approximately 0.1224 USDT.
- Close (C): At the time of analysis, Tranchess is trading near its daily close of 0.1256 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.87% |
| 3D Change (%) | -2.18% |
| 7D Change (%) | 7.72% |
| 30D Change (%) | 2.45% |
| 90D Change (%) | -10.80% |
| YTD Change (%) | -30.61% |
Over the past three days, CHESSUSDT has dropped by approximately -2.18%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 7.72%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CHESSUSDT maintaining an upward trend of approximately 2.45%, despite intermittent fluctuations. Examining the last 90 days, CHESSUSDT has witnessed substantial decline of approximately -10.80%, reflecting strong long-term confidence. Year-to-date, CHESSUSDT has steadily depreciated by around -30.61%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Tranchess Live Chart:
You can access a live price chart for CHESS-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.40024.
- Momentum score is 0.02447.
CHESS USDT Technical Analysis
Tranchess Trading Volume:
The trading volume for Tranchess (CHESS) over the past 24 hours has been insignificant, with approximately 2,089,702.00 USDT traded against CHESS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): CHESS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Tranchess is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CHESS-USDT is currently in the neutral zone, around 48.14313. This suggests that Tranchess is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Tranchess (CHESS-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
