Open Network Crypto Coin Forecast - Price Action Indicator
| TONCOIN Crypto | USD 5.11 0.08 1.54% |
Open Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Open Network crypto prices and determine the direction of The Open Network's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Open Network's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Open Network to cross-verify your projections. Open |
Most investors in Open Network cannot accurately predict what will happen the next trading day because, historically, crypto markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Open Network's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Open Network's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.01) | (0.02) |
| Check Open Network Volatility | Backtest Open Network | Information Ratio |
Open Network Trading Date Momentum
| On April 30 2024 The Open Network was traded for 5.11 at the closing time. The highest price during the trading period was 5.21 and the lowest recorded bid was listed for 4.97 . The volume for the day was 23.6 K. This history from April 30, 2024 did not result in any price rise and fall. The trading price change to the current price is 1.57% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Open Network
For every potential investor in Open, whether a beginner or expert, Open Network's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Open Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Open. Basic forecasting techniques help filter out the noise by identifying Open Network's price trends.Open Network Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Open Network crypto coin to make a market-neutral strategy. Peer analysis of Open Network could also be used in its relative valuation, which is a method of valuing Open Network by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Open Network Technical and Predictive Analytics
The crypto coin market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Open Network's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Open Network's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Open Network Market Strength Events
Market strength indicators help investors to evaluate how Open Network crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Open Network shares will generate the highest return on investment. By undertsting and applying Open Network crypto coin market strength indicators, traders can identify The Open Network entry and exit signals to maximize returns.
Open Network Risk Indicators
The analysis of Open Network's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Open Network's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting open crypto coin prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.76 | |||
| Semi Deviation | 3.89 | |||
| Standard Deviation | 7.37 | |||
| Variance | 54.32 | |||
| Downside Variance | 23.25 | |||
| Semi Variance | 15.12 | |||
| Expected Short fall | (5.82) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Open Network in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
Currently Active Assets on Macroaxis
When determining whether Open Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Network's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Open Network Crypto.Check out Historical Fundamental Analysis of Open Network to cross-verify your projections. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.