![]() ![]() Unlike fundamental analysis, technical analysis looks solely at price movements. There are three main tenets that apply to cryptocurrency technical analysis:Īrmed with these beliefs, technical analysts draw on a variety of influences, including behavioral and traditional economic principles, to make predictions about market movements. Because it uses mathematical and statistical modeling to understand market and price behavior, technical analysis has wide applications in buying and selling cryptocurrency. Technical Analysis Is Heavily QuantitativeĪlthough technical analysis is primarily quantitative and metrics-based, there are times when analysts may also add qualitative techniques to evaluate an investment opportunity.
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