Cycle low (date) price change
Date and deviation of lowest price since last ATH
Since the last time the cryptocurrency reached an all-time high, we take the date of the lowest price and its difference from the current price.
- Low points are naturally more attractive to buy than high points. So the smaller the difference from this low point, the more attractive the buying opportunity.
- Conversely, the closer the current price is to the last all-time high, the more attractive it is to take profits or set a partial stop loss.
Source: messari.io. Clicking on the figure opens the page for this cryptocurrency on Messari.
This metric is part of the Opportunity category