Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. In , () is anticipated to change hands in a trading channel between and , leading to an average annualized price of . This could result in a potential return on investment of compared to the current rates. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.
Yinbi’s 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index – RSI (
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- The table above shows the number of days which Yinbi closed above a certain price level.
- Yinbi traders use a variety of tools to try and determine the direction in which the YINBI market is likely to head next.
- Yinbi is an unblockable cryptocurrency, launching on a live network of over 6M users and nodes worldwide.
- Currencies that are positively correlated with Yinbi indicate that the movement of one has a statistically significant weight to lead the other in the same direction.
- As the name suggests, a moving average provides the average closing price for YINBI over a selected time frame, which is divided into a number of periods of the same length.
Yinbi price is $0, down 0.00% in the last 24 hours, and the live market cap is -. It has circulating supply of – yinbi coins and a max supply of – yinbi alongside h trading volume. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Many cryptocurrency traders pay close attention to the markets when the current Yinbi price crosses an important moving average like the 200-day SMA.
- The 200-day SMA is calculated by taking Yinbi’s closing prices in the last 200 days, adding them together, and dividing the total by 200.
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- For example, a 12-day simple moving average for YINBI is a sum of YINBI’s closing prices over the last 12 days which is then divided by 12.
- Trading and investing in digital assets is highly speculative and comes with many risks.
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Yinbi is also launching Yinshi, a peer-to-peer international C2C exchange and marketplace that allows users to trade virtual goods using Yinbi, BTC, ETH, USDT, and more. Yinbi not only is decentralized, but also uses traffic obfuscation to intelligently connect nodes, so Yinbi cannot be blocked. The 200-day SMA is calculated by taking Yinbi’s closing prices in the last 200 days, adding them together, and dividing the total by 200.
YINBI is up 10.47% against Ethereum and up 3.90% against Bitcoin in the last 1 month. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the YINBI price. The current Yinbi sentiment is neutral according to our technical analysis. Over the past 7 days, Yinbi price was most positively correlated with the price of and most negatively correlated with the price of .
The Yinbi price prediction on CoinCodex is calculated using the historical Yinbi price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Yinbi prediction. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Yinbi.
Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. yinbi crypto At this moment, we can’t calculate the market cap as we don’t have the best approximation of the circulating supply. However, using the total supply as of Dec 31, The market capitalization of Yinbi will be $2.8 Million. Ledger is the smartest way to secure, buy, exchange and grow your crypto assets. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Currently, the Yinbi Fear & Greed Index stands at 78, which means that investors’ sentiment is in the so-called Extreme Greed zone.
Deposit or buy stake-able coins like MATIC, ADA, ATOM, TRX, ZIL etc. and increase your holdings by up to 20%. Hardware wallet is the safest way to manage & trade your cryptocurrencies. The table above shows the number of days which Yinbi closed above a certain price level. Assets with the largest change in unique page views on CoinStats in the last 24 hours.
How to read Yinbi charts and predict price movements?
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the YINBI price moves above any of these averages, it is generally seen as a bullish sign for Yinbi. Conversely, a drop below an important moving average is usually a sign of weakness in the YINBI market. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Just like with any other asset, the price action of Yinbi is driven by supply and demand.
These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of YINBI. The market capitalization of Yinbi can change significantly in a short period of time. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Yinbi’s price action in 1-hour chunks.
The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. The Yinbi price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
To check Yinbi’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
Market Overview
According to our historical data, it is currently profitable to invest in Yinbi. The price of Yinbi decreased by 0.00% in the last 1 year, while the coin’s 3-year performance is -94.56%. Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.