Is DeepOnion (ONION) Heading the Right Direction Tuesday? | marketrealtime.com


DeepOnion receives a weak long-term technical score of 8 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

ONION currently holds a superior long-term technical analysis score than 8% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

Long-Term Technical - 8
InvestorsObserver is giving DeepOnion a 8 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on DeepOnion!

Trading Analysis

DeepOnion’s price is -$0.0233567 (-42.08%) below its 100-day moving average price of $0.055501383 as its price at the moment sits at $0.032144699. Additionally, ONION is $0.0026929 (-37239.99%) higher than its 52-week low price of $0.029451819 while -$0.21797242 (-3985.28%) under its 52-week high of $0.250117123. The current trading price in relation to its long-term average along with its 52-week high and low, gives ONION an average long-term technical score of 8. Long-term trading movement of DeepOnion suggest that investors are bearish on the coin at the moment.

DeepOnion has a total market value of $735,754.48 with an low average daily volume of $583.02 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ONION’s volume is below its average with $82.72 exchanged in total.

This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Trading patterns over the last year for DeepOnion leads to the coin’s a weak long-term technical score of 8 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin.

Click Here to get the full Report on DeepOnion (ONION).

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