In this Hashflow technical analysis, we will examine the current price action, trading volume, key levels and indicators for HFT-BTC. Sure, here are three sentences about Hashflow (HFT) cryptocurrency: Hashflow (HFT) is a fast and secure cryptocurrency that utilizes a novel consensus algorithm called “Proof of Hash” to validate transactions. This algorithm allows for lightning-fast transaction processing times and low energy consumption, making it an attractive option for environmentally conscious investors. Additionally, Hashflow’s unique governance model ensures that the needs of all stakeholders are taken into account, creating a more equitable and sustainable ecosystem for all users.
Hashflow Price Overview:
As of October 03, 2023, Hashflow is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for HFT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 40,524.30 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Hashflow reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for HFT-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Hashflow is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.74% |
| 3D Change (%) | -3.07% |
| 7D Change (%) | 3.18% |
| 30D Change (%) | -6.25% |
| 90D Change (%) | -2.91% |
| YTD Change (%) | -30.05% |
Over the past three days, HFTBTC has declined by approximately -3.07%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 3.18%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HFTBTC maintaining a downward trend of approximately -6.25%, despite intermittent fluctuations. Examining the last 90 days, HFTBTC has witnessed substantial decrease of approximately -2.91%, reflecting strong long-term confidence. Year-to-date, HFTBTC has steadily dropped by around -30.05%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Hashflow Live Chart:
You can access a live price chart for HFT-BTC 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 0.49142.
- Momentum score is -0.06245.
HFT BTC Technical Analysis
Hashflow Trading Volume:
The trading volume for Hashflow (HFT) over the past 24 hours has been insignificant, with approximately 40,524.30 BTC traded against HFT. 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): HFT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Hashflow is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HFT-BTC is currently in the neutral zone, around 47.97783. This suggests that Hashflow is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Hashflow (HFT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC 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.
