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Money Flow Index Definition and Use Cases
The Money Flow Index (MFI) uses price and volume data to gauge overbought or oversold conditions, helping traders spot potential market reversals. Ranging from 0 to 100, it identifies trading opportunities by highlighting divergences and integrating volume into its analysis.
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Record Drop in Ethereum Gas Fees Signals Potential Bullish Trend
Zcash (ZEC) Faces Potential Price Setback After Impressive Rally
The Money Flow Index (MFI) uses price and volume data to gauge overbought or oversold conditions, helping traders spot potential market reversals. Ranging from 0 to 100, it identifies trading opportunities by highlighting…
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Zcash (ZEC) has surged 90% in the last month but may face a correction. With trading volume down 45% and an RSI of 77.02, signs point to a possible price drop to $37.18. A rebound is possible if buying pressure increases.