An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. Relex is the world’s first real estate development cryptocurrency, designed to provide better and easier access to high-yield development projects around the world. Listed real estate projects are held to a high level of transparency in order to be eligible for institutional capital consideration. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Relex’s price action in 1-hour chunks. Each candlestick will display RLX’s opening price, closing price, as well as the highest and lowest prices that Relex reached within the 1-hour period.
These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of RLX. The market capitalization of Relex can change significantly in a short period of time. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Relex. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
Will Relex reach $0.1?
Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Relex (RLX) is the #2019 largest cryptocurrency by market cap as of August 10, 2023, with a market cap of $55,563.51 USD. This allows users to manage their Relex funds directly within their web browser when using MetaMask. Relex is a token that runs on the EVM blockchain, and you can add it to MetaMask like you would any other ERC-20 token. Enjoy free returns and exchanges within 30 days of the order shipment date.
The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 658 exchanges. Just like with any other asset, the price action of Relex is driven by supply and demand.
Conversely, a drop below an important moving average is usually a sign of weakness in the RLX market. The Relex price prediction on CoinCodex is calculated using the historical Relex price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Relex prediction. Many cryptocurrency traders pay close attention to the markets when the current Relex price crosses an important moving average like the 200-day SMA. Relex is solving this problem by increasing transparency and accountability standards for real estate development projects in developing nations with low transparency scores.
- The best performing cryptoasset sector is Yield Farming, which gained 7%.
- Currently, the RSI value is at 30.51, which indicates that the RLX market is in a neutral position.
- The price of Ethereum is $1,850.60 and ETH market dominance is 18.9%.
To get a better idea of what could happen to the Relex price in the future, it’s helpful to also explore Relex’s price history. The table above shows the price and ROI of Relex today and previous years on the same date (Aug 10).
RLX is up 1.42% against Ethereum and up 3.41% against Bitcoin in the last 1 month. You are about to leave CryptoSlate in order to visit a cryptocurrency or ICO website. This link is provided solely for informational purposes and is not an endorsement in any way. We recommend that you exercise extreme caution and consult a registered investment advisor before taking any action. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page.
Relex is the world’s first real estate development cryptocurrency. Dealing in active commercial and residential development projects in Canada, Vietnam, and other countries. The global crypto market cap is $1.18 trillion with a 24-hour volume of $30.65 billion. The price of Bitcoin is $29,514.32 and BTC market dominance is 48.8%. The price of Ethereum is $1,850.60 and ETH market dominance is 18.9%. The best performing cryptoasset sector is Yield Farming, which gained 7%.
With Relex, the projects that we partner with agree to a more strict line of transparency and accountability standards. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Relex traders use a variety of tools to try and determine the direction in which the RLX market is likely to head next. These tools can roughly be divided into indicators and chart patterns.
This could be an indication that Relex is a bad buy in 2023. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Relex or not. The current Relex sentiment is bearish according to our technical analysis. The top crypto exchanges that have Relex available for trading, ranked by 24h trading volume and the current price. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).
Items must be unwashed, unworn, and unaltered with the original tags. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the RLX price. Currencies that are positively correlated with Relex indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Relex, a move in one direction for Relex would translate into a move in the opposite direction for the negatively correlated coin. A token is a representation of an on-chain or off-chain asset.
Popular RLX Moving Averages and Oscillators for Thu, Aug 10, 2023
Currently, the RSI value is at 30.51, which indicates that the RLX market is in a neutral position. According to our historical data, it is currently not profitable to invest in Relex. The price of Relex decreased by 0.00% in the last 1 year, while the coin’s 3-year performance is -19.12%. When trying to make a Relex forecast, many traders also try to monitor the activity of RLX “whales”, which are entities and individuals that control large amounts of RLX. Since the Relex market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Relex’s price movements.
Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the RLX price moves above any of these averages, it is generally seen as a bullish sign for Relex.
The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The table above shows the number of days which Relex closed above a certain price level. Relex price in US Dollar has increased by 0.00% in the last 1 month.
Moving averages are among the most popular Relex price prediction tools. As the name suggests, a moving average provides the average closing price for RLX over a selected time frame, which is divided into a number of periods karatbank coin review of the same length. For example, a 12-day simple moving average for RLX is a sum of RLX’s closing prices over the last 12 days which is then divided by 12. Moving averages are a popular indicator in all financial markets.
The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Relex investors’ sentiment, and is based primarily on Bitcoin-related market data. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition.