YGG BTC Yield Guild Games Technical Analysis

Yield Guild Games logo In this Yield Guild Games technical analysis, we will examine the current price action, trading volume, key levels and indicators for YGG-BTC. Yield Guild Games (YGG) is a cryptocurrency that enables players to earn rewards through participating in various gaming activities. YGG provides an innovative way for gamers to monetize their gaming experience and connect with other players in a decentralized ecosystem. By leveraging blockchain technology, YGG offers a secure and transparent platform for gamers to earn rewards and compete with others in a fair and fun environment.

Yield Guild Games Price Overview:

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

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 916,242.10
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Yield Guild Games reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for YGG-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Yield Guild Games is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -3.24%
3D Change (%) 9.22%
7D Change (%) 9.63%
30D Change (%) 1.17%
90D Change (%) 69.94%
YTD Change (%) -11.73%

Over the past three days, YGGBTC has increased by approximately 9.22%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 9.63%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with YGGBTC maintaining an upward trend of approximately 1.17%, despite intermittent fluctuations. Examining the last 90 days, YGGBTC has witnessed substantial rise of approximately 69.94%, reflecting strong long-term confidence. Year-to-date, YGGBTC has steadily decreased by around -11.73%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Yield Guild Games Live Chart:

You can access a live price chart for YGG-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 0.79816.
  • Momentum score is 0.0117.

YGG BTC Technical Analysis

Yield Guild Games Trading Volume:

The trading volume for Yield Guild Games (YGG) over the past 24 hours has been significant, with approximately 916,242.10 BTC traded against YGG. 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): YGG is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Yield Guild Games is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for YGG-BTC is currently in the neutral zone, around 51.87451. This suggests that Yield Guild Games is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Yield Guild Games (YGG-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 significant 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.