I was often interested in how the official news about partnerships affect the price
What does partnership mean, I think it is not necessary to explain. I only considered the news of those coins that have good liquidity.
If the price during the day after the publication of the news did not change by more or less than 10%, then we can assume that the news did not affect the price of the asset.
I'll leave a few screenshots here, and then draw a conclusion:
BTG 18/01/18 (+19,25%)
VEN 24/01/18 (-12%)
TRX 7/01/18 (-11,35%)
EOS 23/01/18 (-13,68%)
GUP 31/12/17 (+31,28%)
WABI 31/12/17 (-16,19%)
TRX 23/12/17 (-12,69%)
ADA 11/01/18 (+32%)
XRP 11/01/18 (no changes)
XVG 07/01/18 (+46,46%)
TRX 10/01/18 (no changes)
TRX 3/01/18 (+46,54%)
XEM 20/01/18 (+10,96%)
ICX 19/01/18 (no changes)
EXP 18/03/18 (-15,02%)
As a result, we see that in almost half the cases the price is rising. Often it grows significantly (on average about 25%)
The third part of the cases gave a fall of coins. But the average fall is not so great (about 10%). Therefore, it is worth setting a stop order for such cases.
Much less often the price did not change significantly.
It turns out that news about partnerships can be brought to attention, but you should not use them as an independent analysis.
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If you want more analysts on the impact of news on the price of coins, support what you can. I shall be very grateful to you
