📄Charts & Trading Analysis
PIRBView provides the capability to generate both plain charts and charts with trading analysis, all derived from real-time on-chain data for any DeFi token.
To access more insights into a token's price movement, users can employ these commands explained down below, each offering unique perspectives and information on the token's trading activity and trends. These tools empower investors with valuable data to make informed decisions in the fast-paced world of DeFi trading.
1 - Plain charts:
Trigger: /c TOKENNAME or /c CONTRACTADDRESS
2 - Charts with Fibonacci levels & the RSI:
Trigger: /ta TOKENNAME or /ta CONTRACTADDRESS
Fibonacci levels on a token chart are like price levels where potential support or resistance can occur based on a mathematical sequence. They help traders identify key price points for potential trend reversals or continuation.
The RSI, or Relative Strength Index, on a token chart is a measure of its recent price movements to assess if it's overbought or oversold. It ranges from 0 to 100, with levels above 70 suggesting overbought conditions (potential sell signal), and levels below 30 indicating oversold conditions (potential buy signal). It's a tool to gauge the token's momentum and potential price direction.
3 - Charts with Moving Averages:
Trigger: /ma TOKENNAME or /ma CONTRACTADDRESS
Moving averages on a token chart are smoothed lines that represent the average price of the token over a specific time period. They help traders identify trends by reducing price noise.
For instance, "MA50" is the average token price over the last 50 candles for the selected timeframe. When the token's current price crosses above this line, it can signal an upward trend (buy signal), and when it crosses below, it can indicate a downward trend (sell signal). Moving averages help traders spot trend changes and make informed decisions about buying or selling tokens.
4 - Charts with Stochastik Movement Index & Signal line
Trigger: /smi TOKENNAME or /smi CONTRACTADDRESS
Imagine you have a toy car, and you're trying to figure out how fast it's moving at different times. The Stochastic Momentum Index (SMI) is like a special tool that helps you do that with numbers instead of just guessing.
The signal line tells you whether the toy car (which represents the price of a cryptocurrency) is going fast or slow. When the line is high, it means the car is going really fast (the price is going up a lot), and when it's low, it means the car is going slow (the price is going down).
The SMI helps you see if the car (crypto price) might speed up or slow down in the future. It looks at how the car's speed has been changing recently. If it's been going fast and suddenly starts to slow down, the SMI might show that. And if it's been slow and starts to speed up, the SMI can show that too.
So, the SMI and its signal line are like tools that help people who are interested in cryptocurrencies understand how fast the prices are moving and whether they might go faster or slower in the future. It's a bit like a weather forecast for crypto prices!
5 - Charts with upper and lower Bollinger Bands
Trigger: /bol TOKENNAME or /bol CONTRACTADDRESS
The upper Bollinger band and the lower Bollinger band are like the two ends of a rubber band.
The upper Bollinger band is the top limit. It shows you the highest price point that the cryptocurrency has reached recently. So, when the upper Bollinger band goes up, it means the price of the cryptocurrency has been really high.
The lower Bollinger band is the bottom limit. It shows you the lowest price point that the cryptocurrency has reached recently. So, when the lower Bollinger band goes down, it means the price of the cryptocurrency has been really low.
Now, the space between these two bands, like the space between the ends of a rubber band, is where the cryptocurrency's price usually moves. If the price goes near the upper band, it's like the rubber band is getting stretched a lot, and it might come back down. If it goes near the lower band, it's like the rubber band is not stretched much, and it might go up.
So, the upper and lower Bollinger bands help people who look at crypto charts understand if the price at the moment is really high or really low compared to how it's been in the past. It's like a way to see if the rubber band is stretched a lot or not so much.
6 - Charts with Exponential Moving Averages (EMA-8 & EMA-20)
Trigger: /ema TOKENNAME or /ema CONTRACTADDRESS
EMA stands for Exponential Moving Average. The EMA-8 represents the exponential moving average of the last 8 price data points, while EMA-20 represents the average of the last 20 price data points. These indicators help traders and investors identify trends and potential entry or exit points in the market.
EMA-8 reacts more quickly to recent price changes than longer EMAs. When the current price is above the EMA-8, it suggests a short-term bullish trend. Conversely, when the price falls below the EMA-8, it indicates a short-term bearish trend. Traders often use EMA-8 to spot potential entry or exit points for short-term trades.
EMA-20 provides a slightly longer-term perspective. When the current price is above the EMA-20, it signifies a medium-term bullish trend. If the price falls below the EMA-20, it suggests a medium-term bearish trend. EMA-20 can help identify broader trend directions and is commonly used by swing traders.
7 - Price predictions for the upcoming 3 days
Trigger: /predict TOKENNAME or /predict CONTRACTADDRESS
Generate price predictions for any DeFi token with this command which uses state-of-the-art AI models. Please keep in mind that predictions are just that – predictions, and should not be relied upon. Real-life circumstances can often turn out to be the complete opposite.
Last updated
