Crypto Wallet Features SmartWallet

Cryptocurrency Coin Profiles & Features in Universal Wallet

The Ethos Universal Wallet is a powerful tool that not only enables you to safely and securely interface with assets and tokens across multiple blockchains, but also provides a data-rich learning environment through coin profiles that combine raw data, key facts with technicals, community ratings and more.

Simply, search a list of ever expanding coins, which can be sorted by Market Cap, Price, Volume (24h), Circulating Supply, and Price Change (24h), and select a coin. Each coin has its own profile page.

In this article we explore the various features you will find within each coin profile.

About & Community Ratings

The current price of the asset is displayed at the top of each coin profile. If you’re interested in learning more about a blockchain project, check out the “About” section of the coin profile. Here you will find a concise summary of the asset and/or project.

Beneath the “About” section you can discover how other crypto enthusiasts view the project. In the “Coin Community Rating” section, community members can submit and view coin ratings on three-primary measures: the technology, the expertise of the team, and the strength of the community behind the project.

From the Coin Profile page, you can seamlessly add the asset to your WatchFolio and and/or add the asset to your SmartWallet (if it is actively supported) by tapping “Add This Asset.”

Your Watchfolio is a portfolio tracker where you can add info for digital assets you have stored somewhere else, add coins to your watchlist, or even create fantasy portfolios.

Some coin profiles display the word “Transactional” just above the “Add This Asset” button. Coins with the word “Transactional” can be sent and received on the Ethos Universal Wallet.

Line Graphs & Candlestick Charts

The Ethos platform allows you to actively track the charts of various cryptocurrencies and track their performance in a variety of timeframes.

From any cryptocurrency coin profile, tap the icon in the upper right corner of the screen to toggle between a line graph representing price data and a candlestick chart displaying additional asset data. For both types of graphs, the x-axis displays time while the y-axis displays price. Both types of graphs support a pinch-to-zoom feature allowing you to view the data on a more narrow time frame or price range.

Let’s focus for a minute on the candlestick chart. Like the line graph, the candlestick charts allow you to view price movement over varying durations of time, ranging from 1 hour (“Hour”) to the beginning of the assets price history (“All”).

Depending on the time range you select, the amount of time that a candlestick represents will vary. For instance, there are 30 candlesticks on the “Month” chart, with each candlestick representing 1 day, while a candlestick on the “Day” chart represents price movement over 1 hour.

The hollow or filled body of the candlestick indicates the opening and closing prices of the asset. A hollow-bodied, green candlestick indicates that the asset’s price at the close of the period was higher than its price at the opening of the period. Conversely, a filled-bodied, red candlestick indicates that the price of the asset was lower at the close of the period than it was at the opening.

The thin lines coming out of the top and bottom of the body, known as “wicks” or “shadows,” represent the high and low points of the price range during the time period represented by the candlestick. Tapping on a candlestick brings up the Open/Close and High/Low data for that candlestick.

The Simple Moving Average (SMA)

Beneath the graph you will find several Simple Moving Averages. The Simple Moving Average (SMA) is a technical indicator that has been integrated into the candlestick charts. The SMA is an unweighted moving average of the last n periods, n in this case being 5, 20, and 50. The moving average is known as a lagging indicator because it trails, or lags behind, the price action of the asset to which it is applied.

Traders often use SMA as a way to gauge momentum and confirm trend changes, as well as to define support and resistance levels. Support levels are where demand for an asset can be predicted to increase as the price of it drops, while resistance levels are the opposite and are at the upper bounds of price volatility. Resistance levels can be observed when prices increase and a subsequent sell-off occurs.

Traders often define support and resistances levels to help better identify entry or exit points. Traders additionally may look at moving averages to identify the beginning of an uptrend by spotting short-term averages crossing above longer-term averages.

Finally, underneath the candlestick chart you will find additional coin metrics. These include the High/Low price and percent change that correspond to the selected time frame (hour, day, week, month, year, or all time), alongside the Circulating Supply, indicating the amount of coins in circulation in the market.

We hope that this guide is helpful to show you the details of Cryptocurrency Coin Profiles & Features in the Ethos Universal Wallet.

To learn more about the Ethos Universal Wallet – click here.

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Thank you for reading “How To Send & Receive Cryptocurrency on the Universal Wallet.”