There are some terms of virtual money, crypto money and bitcoin market. People who want to take part in this market should learn the relevant terms. Among these terms is the expression ATH. So what does ATH mean? What does ATH mean in the cryptocurrency exchange?
What Does ATH Mean?
ATH, which stands for All Time High, stands for the highest price. This expression is used on the movements of cryptocurrencies. The highest peak is the crypto currency ATH.
The term relates to the highest price an asset has achieved in a particular market or exchange and is often used by investors in crypto assets.
Other currencies of crypto money such as TL, Euro, Dollar etc. It represents the highest level value reached against units. In short, it means that the unit belonging to the cryptocurrency has reached its own record.
What is the Core of ATH?
An all-time high is the highest price any asset has ever reached in the market. An asset reaching a new ATH can provide both opportunities and pitfalls for traders. If the asset regularly hits all-time highs, traders can spot an uptrend and invest accordingly.
However, strong technical and fundamental analysis is also required; Determining when the asset price will break the resistance and start falling again. Analysis is also required for the highest ever closing price of a stock. Technically, when a stock breaks above its previous all-time high and makes a new high, it’s a bullish signal.
What does it mean in cryptocurrency? You’ve heard people say that a cryptocurrency is ATH. In cryptocurrency and exchanges, ATH means the same thing. This is the most common term used in exchanges and cryptocurrency markets. When someone says the coin will touch ATH, it means the coin will be at an All-Time High.
Should you buy near the highs? Or should you short the rally?
According to statistics, the average annual positive return for stocks that broke an all-time high is 74%. Only 26% of stocks have negative returns following their all-time high.
Statistical data may be insufficient. But much depends on the market context. The main question is what keeps a stock going up from ATH.
Conversely, when a stock is nearing its 52-week high, bad news initially drives the price down. However, initially, traders are not willing to sell.
How Should You Use It?
The “all-time high” should not be used to develop a trading strategy on its own. But it is one of the tools to consider.
All-time highs in stocks are a phenomenon when the stock’s price hits a 52-week high. Financial media tends to create some kind of hype for these types of stocks. Stocks traded on the ATH arouse some curiosity, enthusiasm and awe.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.