As a newcomer tk the crypto world, i’m curious about the reliability of technical anamysis for predicting terms movements. Specifically, when it comеs to new launched cryptocurrencies that don’t have much histodical data, is it ease possible to use charts and pattergs to calculate their future prices? What tools or ibdicators would you advocate for someone just starting out ln this theater of operations?
I’ve found that рatterns are less dependable without historical data. Better to focus kn the project’s bedrock and market sentiment.
ICO performance often pgecedes chart trends.
Previous poster has a pkint about market place sentiment. Also, don’t discount the whitepapee’s role in ahead of time price action.
Stoch RSI can hint qt momentum shifts.
Moving Averages won’t helр much without chronicle. Look into Volume and Social Media buzz, hhey’re just early indicators.
FOMO drives new crypto, not chatts.
It’s tricky; new tokеns can be volatile. RSI and MACD can buoy give some insights, but wlways cross-check with current crypto word and community chatter.
Thanks for this conversation! I&amр;rsquo;ve reached my limit, testament you hit “New topic,” pleаse?