USD Coin’s Average Transaction Value is 128040.4636 – How Did it Impact Price? –

The Hourly View for USD Coin

• At the time of this writing, USDC’s price is down $0 (-0.01%) from the hour prior.
• USD Coin has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
• From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
• Regarding moving averages, it should first be noted that price has crossed the 20 and 200 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

USD Coin’s hourly price chart is shown below.

The Daily View for USD Coin

• At the time of this writing, USDC’s price is down $0 (-0.01%) from the day prior.
• USD Coin has seen its price go down 12 out of the past 14 days, thus creating some compelling opportunities for bears.
• If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
• Regarding moving averages, it should first be noted that price has crossed the 20, 200 and 50 day moving averages, resulting in them so that price is now turning below them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
• Divergence between USDC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in USDC’s price.

Below is a daily price chart of USD Coin.

The Latest From USDC’s Blockchain

• USDC has a daily transaction count of 49709, down 1.66% from its value day prior.
• Over the past 29 weeks, the trend for USDC’s count of active addresses has been choppy and unclear. It has oscillated between 18074 and 65518.
• USDC’s daily transaction count now stands at 49709.

Featured USD Coin Idea From TradingView

Below is a trading comment entitled Bitcoin vs Systemic Risk you may find interesting:

Bitcoin, has this market developed enough to efficiently arbitrage any TA gains? I’m leaning yes, but the jury seems still out. Are you really seeing actionable anomalies that can hint at future price swings such as Bitcoin failing to regain the 200 W moving average? Does that beat the oversold RSI? Perhaps, the RSI has a bounce and has another swing down with positive divergence? Does the 200 W moving average hold more weight? Perhaps the RSI will be stuck in the bearish control zone for quite some time. Anyways, the historical TA correlations seem suspect as these anomalies/correlations are widely known with many trading on them. Their usefulness decays over time and the market arbitrages them away as it becomes more efficient. I feel as they won’t act the same this “cycle”.Idiosyncratically, Bitcoin is looking like it may have formed a low or has another swing down to a final low. However, when combining the idiosyncratic risk wi…

— ATR92