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Had lots of people who said it doesn't make sense to analyze #altcoins because they all follow #Bitcoin
Here's another great example why this isn't true (or, why it is slightly more complex):
Although $GALA pumped shortly during the #ETHETFS announcement yesterday, it continued its downtrend immediately.
Compared to the time I posted it, GALA is down almost 10%.
LIVEBen Walther
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هابط
$GALA — Bearish Price Action Incoming?
Gala’s price chart and technical indicators print a bearish scenario.
➡️ GALA printed a reversal candle on 18th May followed by a massive bearish engulfing candle.
➡️ Historically, this pattern on the daily chart has a high win rate of 100% based on 3 appearances.
➡️ Technical indicators look bearish too. Especially the trend indicators signal a bearish scenario. Momentum indicators on the other side do not show a reversal yet.
Both factors indicate a continuing downtrend.
Gala’s price chart and technical indicators print a bearish scenario.
➡️ GALA printed a reversal candle on 18th May followed by a massive bearish engulfing candle.
➡️ Historically, this pattern on the daily chart has a high win rate of 100% based on 3 appearances.
➡️ Technical indicators look bearish too. Especially the trend indicators signal a bearish scenario. Momentum indicators on the other side do not show a reversal yet.
Both factors indicate a continuing downtrend.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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مُنشِئ مُحتوى ذو صلة
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