Is Cheesecoin (CHEESE) Trending Lower or Higher Friday?
Cheesecoin receives an average long-term technical score of 41 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.
CHEESE currently holds a superior long-term technical analysis score than 41% 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’.
InvestorsObserver is giving Cheesecoin a 41 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cheesecoin!
Trading Analysis
CHEESE is currently $0.0000299 (20.95%) above its 100-day moving average price of $0.000142731 with its current price of $0.000172630. Meanwhile, Cheesecoin is $0.0001138 (-18706440.50%) above its 52-week low price of $0.000058802 and -$0.00027763 (-2220916.15%) below its 52-week high of $0.000450257. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 41. Trends for the long-term trading history of Cheesecoin suggest that traders are currently bearish on the coin.
Cheesecoin has a market capitalization of $70,583.31 and a relatively low average daily volume with $89.41 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, CHEESE’s volume is below its seven day average with 13.57 exchanged.
Summary
Technical analysis of Cheesecoin over the past year results in the crypto receiving a an average long-term technical score of 41 as its price movement in that time has given traders reason to be bearish on the coin in the…..