Market Technical Analysis
ZAR
Average ZAR pairs Combined Trend: 1.0
| Trend | RSI | Beta | ATR% | |
|---|---|---|---|---|
| BTC - | 1 | 50 | 1 | 0% |
| ETH - | 1 | 50 | 1 | 0% |
| XRP - | 1 | 50 | 1 | 0% |
| SOL - | 1 | 50 | 1 | 0% |
| BNB - | 1 | 50 | 1 | 0% |
| SHIB - | 1 | 50 | 1 | 0% |
| AVAX - | 1 | 50 | 1 | 0% |
| DOGE - | 1 | 50 | 1 | 0% |
| XLM - | 1 | 50 | 1 | 0% |
USDC
Average USDC pairs Combined Trend: 1.0
| Trend | RSI | Beta | ATR% | |
|---|---|---|---|---|
| BTC - | 1 | 50 | 1 | 0% |
| ETH - | 1 | 50 | 1 | 0% |
| XRP - | 1 | 50 | 1 | 0% |
| SOL - | 1 | 50 | 1 | 0% |
| AVAX - | 1 | 50 | 1 | 0% |
USDT
Average USDT pairs Combined Trend: 1.0
| Trend | RSI | Beta | ATR% | |
|---|---|---|---|---|
| BTC - | 1 | 50 | 1 | 0% |
| ETH - | 1 | 50 | 1 | 0% |
| XRP - | 1 | 50 | 1 | 0% |
| TRX - | 1 | 50 | 1 | 0% |
| SOL - | 1 | 50 | 1 | 0% |
| MEME - | 1 | 50 | 1 | 0% |
Explanation:
Trend is the short-term average market price compared to the long-term average market price of a trading pair. Specifically, it’s the 14-day WMA divided by the 60-day WMA. A value above 1 indicates an uptrend, and below 1 indicates a downtrend.
RSI is the Relative Strength Index of a trading pair. A value of 50 is neutral with above a uptrend, and below a downtrend.
The Combined Trend is the average Trend of all tickers plus normalised average RSI: (avgTrend+((avgRSI/100)+0.5))/2. This shows the general trend of the index, where above 1.1 and below 0.9 indicates extreme trends. Downturn protection is based on this indicator.
Beta is the relative volatility of a trading pair compared to an index. In this case, the index is the grouping (ZAR, USDC, USDT). A low or negative beta suggests an unrelated or inverse correlation with the broader index, 1 indicates the volatility matches the average and higher is more volatile.
And lastly ATR% is the Average True Range divided by the 60-day WMA. This gives the average daily movement of a ticker compared to its price.