11/7/2023 0 Comments Gala live coin watchCurrently, investing in GALA tokens carries an equally high risk and rewards ratio. ⚖️ GALA tokens are Gala Games’ native crypto assets for purchasing NFTs and transacting in-game.Gala has its own game development team and also works closely with various experienced game companies. □ The Gala Games ecosystem has 14 different games, two of which you can already play for free on the Gala website.In addition, The ecosystem is built on the Ethereum network and the GALA token uses the ERC-20 format. Every game on the platform is free and accessed like a decentralized application (DApp). □ Gala Games is a platform where you can choose from several available games.□️ Gala Games is a blockchain gaming company that integrates NFT technology and crypto into an ecosystem of various games.So, what is Gala Games? Why is it valuable and what does it offer? This article will explain the ecosystem and the GALA token in detail. In the context of the blockchain gaming industry, Gala is a unique project because it is not just a game, but an ecosystem of game publishers. Starting from Decentraland, Sandbox, to several new projects such as Iluvium, Otherside from ApeCoin, and Gala Games. If the Bitcoin (BTC) price against US Dollar is falling and OBV is flat-lining or rising, the price could be nearing the bottom.The competition in the blockchain gaming industry is filled with lots of promising projects.In case the Bitcoin (BTC) price against USD is rising and OBV is flat-lining or falling, the price may be near the top.If OBV is rising and the price isn’t, the price is likely to follow the OBV and start rising.A rising price should be accompanied by a rising OBV and a falling price should be accompanied by a falling OBV. OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. This is a sign that a bear market may be starting. A bearish crossover (where the 50-day MA crosses below the 200-day MA) is known as the death cross. It signals that a new bullish BTC price trend is starting. Essentially, a bullish crossover (the 50-day MA moving above the 200-day MA) is called a golden cross.If the price is below the X day SMA this signals a bearish movement.Īnother important signal that traders should observe is a crossover between the 50-day and the 200-day moving averages.If the price is above the X day SMA, this signals a bullish movement.There are two basic signals in relation to the moving average: The 200-day simple moving average (SMA) is one of the most-watched activities in the price charts. SMA is the average of the closing USD price of an asset – Bitcoin over a given number of periods. An RSI reading of 30 or below indicates an oversold or undervalued condition.īitcoin price Simple Moving average (SMA).Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience correction in the Bitcoin (BTC) USD price.The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. Below zero for a sustained period of time, and the trend is likely down.Above zero for a sustained period of time, and the trend is likely up or.Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero. Traders may buy the Bitcoin (BTC) when the MACD crosses above its signal line (orange line) and Sell, or short, the Bitcoin (BTC) when the MACD (blue line) crosses below the signal line.Īnother MACD strategy is to look at which side of zero the MACD lines are. This together functions as a trigger for Bitcoin (BTC) buy and sell. A nine-day EMA of the MACD called the “signal line”, is then plotted in addition to the MACD line. The result of that calculation is the MACD line. MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. Moving average convergence divergence (MACD) The following are some of the technical indicators which could be useful for anticipating the most likely Bitcoin (BTC) price movement. Technical Analysis may help to forecast Bitcoin (BTC) price trends, however, do remember that analysis can’t make absolute predictions about the future. Useful Technical indicators to know for analyzing live Bitcoin price: To know more about Bitcoin, read whitepaper or visit. Bitcoin is a peer-to-peer electronic cash system launched in 2009 that allows online payments to be sent directly from one party to another without going through a financial institution.
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