Tag: technical analysis

Top 4 Cryptocurrency Technical Analysis and Charting Platforms

A lot of people rely on technical analysis when it comes to cryptocurrency trading. Even though the validity of technical analysis remains to be determined, there are quite a few platforms which support such tools. We have listed a few of the commonly used charting platforms below. Keep in mind not every platform supports all exchanges and currencies. 4. CryptoWatch CryptoWatch does one thing quite well. They provide a comprehensive …
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Top 6 Reasons Why Technical Analysis For Bitcoin Is Useless

Most people who trade bitcoin or any other asset will try to use technical analysis to determine their trading strategy. The use of technical analysis as being highly criticized over the years for obvious reasons. Below is a brief list of reasons why technical analysis should not always be used as the only indicator of how assets will behave. 6. Humans Crave Patterns One of the primary reasons technical analysis …
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Monero Technical Analysis for 06/01/2016 – Price Trapped Between Major Pivot Levels

The big pivot zone at 0.00195 – which was outlined in the previous Monero article on 05/23/2016 – should still be watched, even though price is currently trading well underneath this level. On the 26th, this level was used as support/resistance; the 2-hour chart for that day show this quite clearly. The following day, on the 27th, price made it underneath the big support level at 0.0018. And the Monero …
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Storj Technical Analysis for 05/30/2016 – Trend Line Broken

The June 2nd launch of the Storj open beta managed to push the token’s exchange rate to a high of 0.00026 – quite close to the massive resistance at 0.00028 – but it would seem there wasn’t sufficient momentum to maintain the trend. On May 27th, the trend line was broken and a new lower-low was printed on the following day. Technically speaking: the uptrend is over. My previous article …
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