OPENP Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast OPENP crypto prices and determine the direction of OPENP's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of OPENP's historical fundamentals, such as revenue growth or operating cash flow patterns.
OPENP
On November 29, 2024 OPENP had Price Action Indicator of (0.0008). 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.
On December 02 2024 OPENP was traded for 0.01 at the closing time. The highest price during the trading period was 0.01 and the lowest recorded bid was listed for 0.01 . The volume for the day was 23.1 K. This history from December 2, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 0.77% . The trading delta at closing time to the current price is 0.23% .
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
For every potential investor in OPENP, whether a beginner or expert, OPENP's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OPENP Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OPENP. Basic forecasting techniques help filter out the noise by identifying OPENP's price trends.
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 OPENP crypto coin to make a market-neutral strategy. Peer analysis of OPENP could also be used in its relative valuation, which is a method of valuing OPENP by comparing valuation metrics with similar companies.
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 OPENP'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 OPENP's current price.
Market strength indicators help investors to evaluate how OPENP 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 OPENP shares will generate the highest return on investment. By undertsting and applying OPENP crypto coin market strength indicators, traders can identify OPENP entry and exit signals to maximize returns.
The analysis of OPENP'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 OPENP's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting openp 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.
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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether OPENP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OPENP'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 Openp Crypto.
Please note, there is a significant difference between OPENP's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine OPENP value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, OPENP's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.