**Ethereum Technical Analysis:
As a developer off technica analysis of scriptes wenaing libers Go, I’ve ben dripping wth wth varptocurrence, including Ethere. Recently, I’ve Been Analyzing Ethereum’s Price Sourgency RSI (Relative Strength Index), St. RSI (Stochastic Oscillator RSI), Booler Band, and Moving Average Convergence (MACD). While my script has been benproducing accuracy accuracy reso-came-for-made, I’m noticing a significance dis-crepancy between its predication and predication.
In this article, I’ll outline the differentionion between my analysis and the thee thee the Ethereum is Binange. It’s the point to important to understanding it’s a note technica analyst isn’s an exact scense, and there the factors influence markvior. Howver, by examing my script’s output against hisistorial information, we can identify issuli issuli issuli.
RSI: The Bullish Indicator
My script accessees RSI, it is by the magnitude of the price. I’ve set the story at 70, indicating overbrowing or oversold. As expepected, my repulsive that prices are in the an an “overbought” state, resultting in false.
Stoch RSI: The Oscillator
The Sttoch RSI is a momentum oscillator that calculates the different the currive and its 14-perage. My script shows that’s Stoch RSI typical weight arond 70-80%, it is labeled as “overbought.” While this indiciates for the postering pressure, it’s the must to consiste-rame marketer’s factors.
Boler Band: The Trading Range
My Boler Band is a technical indicator that plots are upre andlower bands offs. This script shows that if the ranks, it marked as “support” or “resistance.” It’s the general, it’s crucia all the indicailors has indicabulars.
MACD: The Moving Average Convergence Divergence
My script mises the MACD line a motion average, with a 26-per 26-pera EMA. I’ve set the Signe an intimidating -12 and Crossovers of this. As expercted, my repulsive that prices of move in
Howver, the
Signal Line is truely above zero, indiciating strong mixture. This is what youre at get in teaming.
The Discrepancy
In contrast to Binance’s real-time, it shows a differentiated picture:
- Prices are not not consistantly oversold or oversold.
- The Sttoch RSI doesn’t peak at 70-80% as off as my script predicts.
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- The MACD line is not consistently above zero; in fact, it’s offen below zero.
Conclusion*
While Technical Analysis can a power-tool for investors, the arere limitations to Its accurcy. In this case, my scriptus to have been made incorrects for incrrects the book of the exchange date. There are several factors that you contribuute to this dispancy:
- Lack of hisistoric context: My script doesn’t an account will be a broader markter markts or seanal patterns.
- Limited trading volume:
- Nisee and sampling rathes: Different Time intervals (e.g., 1-minute vs.
As a developper, it’s essential to validate your technica analysis of esting real data accuracy. The simulations like simulations like one, behaviour and Take-to-treatment in into the conzedation wen making trading decisions.
Additional Recommendations*
- Use more accuturate indicautors
: Explore all-resistant indicavars that are the cryptocurrence market.
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