[Xangle Briefing] Ethereum is in OVERSOLD condition again after the global stock market faces ‘Black Monday’
https://xangle.io/project/admin/ETH/disclosure-board
Ethereum and Bitcoin prices each dropped by 15% and 9% after the global traditional finance market suffered from the new “Black Monday,” with the US DOW Jones Index plummeting by 7.79%.
Below are Ethereum’s on-chain data and RSI/MFI readings during Ethereum’s price crash.
(1) On-chain transaction volume
(2020-03-08, UTC 24:00): +57.7%
(2) RSI(Relative Strength Index) : Technical indicator by Xangle
(2020-03-08 UTC 24:00) 23.2 – OVERSOLD
(2020-03-09 UTC 24:00) 25.5 – OVERSOLD
*Note: An asset is considered to be oversold when RSI readings are below 30
(3) MFI(Money Flow Index) : Technical indicator by Xangle
(2020-03-08 UTC 24:00) 34.8 – not OVERSOLD
(2020-03-09 UTC 24:00) 33.1 - not OVERSOLD
- Note: An asset is considered to be oversold when MFI readings are below 20
(4) Network Freshness (2020-03-08 UTC 24:00): 21.3% (-0.52%p)
New Address (2020-03-08 UTC 24:00): -8.13%d-d
Active Address (2020-03-08 UTC 24:00): -5.90%d-d
- Note: Network Freshness=New address/Active address
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