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.
View the total and circulating supply of Relex, including details on how the supplies are calculated. An overview showing the statistics of Relex, such as the base and quote currency, the rank, and trading volume. Currently, the Relex Fear & Greed Index stands at 53, which means that investors’ sentiment is in the so-called Neutral zone.
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.
- Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
- 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.
- With Relex, the projects that we partner with agree to a more strict line of transparency and accountability standards.
- 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.
- Items must be unwashed, unworn, and unaltered with the original tags.
- The current Relex sentiment is bearish according to our technical analysis.
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).
What is the Relex price prediction for this week?
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.
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 RLX Price
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 wex coin price 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.
A list of the top Relex markets across all crypto exchanges based on the highest 24h trading volume, with their current price. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. The 200-day SMA is calculated by taking Relex’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Based on multiple technical quantitative indicators, the current forecast for Relex in 2023 is bearish.
Change In The Value for 1 RLX to USD
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%.
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.
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.
The token page shows information such as price, total supply, holders, transfers and social links. There are currently 1,884,708,549 Relex coins circulating out of a max supply of 2,000,000,000. Use the calculator to convert real-time prices between all available cryptocurrencies and fiat. This website is using a security service to protect itself from online attacks.