Understanding the Basics of RSI The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is primarily used to identify overbought or oversold conditions in an asset. Overbought: An RSI reading above 70 suggests that an asset may be overbought, … Read more
What Are Support and Resistance Levels? Support and resistance are price levels where the market tends to “pause” due to a concentration of buying or selling interest. Support: This is the price level at which an asset tends to stop falling due to increased buying interest. Support levels act as a “floor” where buyers step … Read more
Introduction to Candlestick Patterns in Crypto Trading Cryptocurrency trading isn’t just about guessing which way the market will go. To improve your trading accuracy, understanding market data and trends is crucial. This is where technical analysis (TA) comes in, and one of the most visually intuitive methods within TA is candlestick patterns. Candlestick patterns provide … Read more
Introduction Cryptocurrency mining has grown exponentially in recent years, becoming both an economic opportunity and an environmental concern. The energy required to power mining operations has sparked debates about its sustainability and the need for more eco-friendly practices. This article dives into the trends in energy consumption associated with crypto mining, the challenges faced by … Read more
Introduction When people think of cryptocurrency mining, Bitcoin often takes center stage. While it’s true that Bitcoin paved the way for the mining boom, it has become highly competitive, requiring substantial investment in specialized hardware and electricity. For miners looking to diversify or find better opportunities, there are several alternative cryptocurrencies that are mining-friendly and … Read more