ID BTC Everest Technical Analysis

Everest logo In this Everest technical analysis, we will examine the current price action, trading volume, key levels and indicators for ID-BTC. Everest is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, which allows for faster transaction times and lower energy consumption compared to traditional proof-of-work algorithms. Everest’s governance model is designed to be community-driven, with holders of the cryptocurrency having a say in decision-making processes through a decentralized voting system. By prioritizing sustainability and community involvement, Everest aims to create a more equitable and environmentally friendly digital currency ecosystem.

Everest Price Overview:

As of October 02, 2023, Everest is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for ID-BTC:

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 314,872.00
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Everest reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for ID-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Everest is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -3.41%
3D Change (%) -1.86%
7D Change (%) -1.86%
30D Change (%) -4.78%
90D Change (%) -21.93%
YTD Change (%) 737.50%

Over the past three days, IDBTC has declined by approximately -1.86%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -1.86%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IDBTC maintaining a downward trend of approximately -4.78%, despite intermittent fluctuations. Examining the last 90 days, IDBTC has witnessed substantial fall of approximately -21.93%, reflecting strong long-term confidence. Year-to-date, IDBTC has steadily appreciated by around 737.50%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Everest Live Chart:

You can access a live price chart for ID-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 0.41147.
  • Momentum score is -0.0478.

ID BTC Technical Analysis

Everest Trading Volume:

The trading volume for Everest (ID) over the past 24 hours has been significant, with approximately 314,872.00 BTC traded against ID. 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): ID is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Everest is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ID-BTC is currently in the low zone, around 43.84945. This suggests that Everest is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Everest (ID-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 low RSI and significant trading volume are low signals for potential downward 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.