A Quick guide on analysing any coin.
I'll give you a smal guide to save it on your computer, you can use it to identify if a coin is most likely to pump or not.
Choose any coin and Apply the following and if it scores (7/10), you can buy it 'Of course, The higher the score the better'
Here are your criteria:
#1 Chart (4 Points)
Go to the coin's chart, and do as follow:
- On Monthly time frame, draw a line exactly in the middle of the chart, and ask yourself, is the price below or above it?
- Do the same on weekly, Daily, 4H
If All the time frames mentioned above is below the line you draw, give your coin 3 points out of 3.
If You find The monthly above the line, the weekly/daily/4H below it, then it's a (3/4)
#2 Token omics (2 Points)
- Go to coinmarketcap, or simply write your coin ticker+cmc on google search, so if you are searching for WLD for example, just search WLD CMC on google.
- Open the coin page on Coin market cap, and check the follow:
Max supply, Circulating supply, if the coin has a huge max supply then thats a "No coin" unless the coin has many zeros.
Ex: a coin price is 0.002 while it has 20 Billion max supply.. that's okey, how you going to see if you were right?
Check the FDV 'Fully diluted value', it shouldn't be a huge one, search for tokens that has 200-500M FDV, these are the coins likely to pump faster and more often.
If your token has low max supply and low FDV, give it 2 points, if it has moderate max supply and moderate FDV, give it 1.
- Also make sure the circulating supply isn't below 50% of the token max supply.
#3 News (1 Point)
While you are on CMC, check the news section, see the last 3-4 topics written on this coin, were they positive? were they recent or days ago?
If you find any good news in the past 7 days, give this coin 1 point.
#4 Macro elements (3 Points)
Finally, the macro elements, you can search my profile for the word "macro" to understand more, but a quick brief, it's the elements that affect the whole market, such as CPI news, Hacks, public sentiment.. etc and rate the news with points.