Binance is the undisputed leader of the crypto trading market not only because it is the most stable and performing platform and has the largest number of transactions with the lowest costs, but due to the fact that the development process and user orientation is in continuous development . See the advanced financial analysis functions, for example, which help the user to understand more deeply the financial situation of an asset (token) at that time.
For example: EGLD - February 11, 2024
We notice that in total there are more buy orders than sell orders! From here we can deduce that the demand is greater than the supply, so undoubtedly the price will have to increase. Considering that we are analyzing a crypto currency, we must know that the market is volatile and that things can change extremely quickly, so we must be careful which time intervals we analyze.
An extremely important factor is the amount of money (inflow of money) that enters in a certain interval in the analyzed currency, in the present case #EGLD and is revealed below through the history of sales or purchase orders.
Considering the fact that we have the five-day analysis of the inflow of #EGLD and below the 24-hour analysis of the inflow of money in the token (revealed by the history of sale / purchase orders) we observe an imbalance in that in the last 2 days more was sold than was bought and yet in the last 24 hours the amount of money in the currency increased. We can conclude that EGLD was bought at an increasingly high price so that the amount of the coin decreased while its value increased.
A very complicated analysis has been simplified and made available to all users by #Binance for a deeper understanding and to support the user's decision-making process. Every decision related to the crypto portfolio translates into value and fiat money. Fiat money is still the easiest way to keep score, so Binance gives us everything we need to keep score!
This article represents personal opinions about companies, personal interpretations of some technical information whose source is unknown to us. In no way does this article represent an instruction manual on how to read the information presented in it and in no way does it contain financial advice and investment proposals.
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EVOFINEX
