Momentum
Last updated
Last updated
Momentum allows you to choose a cryptocurrency symbol from any exchange along with a date range to see the speed of the price as its changing:
Advancing - rise in price over date range
Declining - fall in price over date range
Unchanged - price steady with no change
Momentum shows the trends that will possibly sustain depending on strength of its rising or falling price, looking for when it is moving at a predicated velocity. The rate at which the price of a crypto is changing, with high momentum is experienced, rapid price changes happen, while a crypto with low momentum is experienced, slower price changes occur.
Momentum can be a useful indicator to identify trends and potential entry and exit points for trades. You can use momentum as a standalone strategy, or use it in conjunction with other technical or fundamental analysis tools. There are several ways to measure momentum in crypto, including using oscillators such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) indicators which we provide.
Use Cases:
Identify a securities advancing, declining momentum or if price has been in a range.
