Does technical and fundamental analysis help? My example.

[bizfyn_ru]

Everyone says to use technical and fundamental analysis when choosing cryptocurrencies for investment. I'm trying to understand how necessary this is. I'm new to this business, so I want to try to predict the price of some coin on my own.

Since I really like new technologies in the blockchain I want to take the NEAR (Near Protocol) token as an example.

https://coinmarketcap.com/currencies/near-protocol/

As we can see, it is now on the 80th place in the top 100 cryptocurrencies according to the CMC version.

Market Cap - $868,883,895

FDMC - $2,106,226,101

Volume - $23,386,420

Fundamentally, the project is really very promising. It has a powerful team, its own blockchain, EVM, has cross-chain compatibility with Ethereum and many other advantages.

If we focus on the daily chart, we can observe the support level around $2 per token, and the resistance level is currently at $3.5 (in my opinion, I may be wrong).

I want to note that a powerful market maker is sitting in the coin, which does not allow the price to fall after the market, this pleases.

I would also like to note that at the moment, the Near Protocol is waiting for big updates.

—-> NEAR Townhall (July 12th)

—-> NEAR Guild launch Wave 2 (July 16th)

—-> Meta Pool Launch (July 20th)

—-> Ref Token Launch

—-> NEAR Roadmap Release (End of Month)

—-> Partnership with Web3Games

—-> Sushiswap incentives upcoming

All these events give me the courage to assume that Near expects growth. This is not financial advice from the guys, it's just my opinion.

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[crwth]

To be clear, TA and FA have different domains but could be helpful when you are deciding on what project you are going to invest in or when you are going to buy when the project is at a great time to buy.

When you were just starting out, what basis did you determine on? If not TA or FA?

[so98nn]

Thats good analysis but it has to be updated all the time as the project grows. I mean crypto's are never in stealth mode, they keep changing the volume, popularity and dependency changes are off the roof! If the project team, and continuous developments are as per the roadmap then coin will keep pushing the resistance on the higher level as the time will pass.

Sometime, we do have to make "factual analysis" in the crypto. What I mean is, crypto project and their popularity amongst the social network can alter any time. Even a negative publicity for the best project could turn out to be "Investor catchy". All it takes is spread out for the existence of that coin.

To be clear, TA and FA have different domains but could be helpful when you are deciding on what project you are going to invest in or when you are going to buy when the project is at a great time to buy.

When you were just starting out, what basis did you determine on? If not TA or FA?

I think OP is partly with TA and FA both. Though different, all the three (including factual) shall be considered if investing heavily.

[Review Master]

All these events give me the courage to assume that Near expects growth. This is not financial advice from the guys, it's just my opinion.

Basically, you did the FA for near protocol and it's not enough to be sure that NEAR will take bullish rally as TA is also important because of correction market. Even if NEAR is having good FA, it might dump when bitcoin will take correction again. So better for OP to do TA so that OP can findout the exact support and resistance zone for using stop-loss to be safe while having correction. 

[jostorres]

Fundamentally, the project is really very promising. It has a powerful team, its own blockchain, EVM, has cross-chain compatibility with Ethereum and many other advantages.

As much as I appreciate you writing everything, I would have loved to know more about the fundamentals. I mean just two lines of introduction doesn't promise me much to be honest. Strong team and promising is something almost synonym for every new project.

As much technical analysis you do, it can only teach you when to buy and sell and how the market looks for the coin but like you said, you are interested in the technologies on the blockchain so I believe you are more an investor rather than a trader and my personal suggestion would be to analyze the project deeper from the fundamental side of things. I don't have time and it takes a lot otherwise I might have done some basic research for you. Good luck investing and trading it, regardless.

[cabron]

Youtube influencers had been promoting NEAR for a long time and I think this is really a good project. This isn't however very popular here in the forum because it's not advertised here. Almost all projects however are related to BTC which if the price of BTC dips all the rest are also following the downtrend.

Because BTC has the chance to really go below $30, NEAR might also drag along with it but it's true that it has advantages.

[Ararbermas]

All these events give me the courage to assume that Near expects growth. This is not financial advice from the guys, it's just my opinion.

just stay tune to the project if you want to see an improvement or until they've finished those events , because you know it take months for sure..
Btw the new resistance of that coin is $3. that what i saw in the chart wherein after the hard fall, if i were you learn how to use indicators so that can get some information in the chart as well.. Because in my view it seems showing a bunch of false break out even now.

[tygeade]

I am a little confused here. You created and posted their ANN thread which makes me feel like you are either a part of their team or you are the founder. You even posted all the links and I cannot imagine an investor in the project would go that far. Although I see that you haven't mentioned anywhere in the ANN that you are part of their team, but I suggest you to make a small disclaimer or note that you are not part of the team, if you actually aren't.

If you are part of the team then I don't think starting a thread like this one makes any sense because obviously, this is marketing more than your actual analysis.

The last 5-10 posts of yours are all regarding this project, which isn't a problem but you look connected to their team in some ways mate .

[Slow death]

[...]

I also when I read all his post history, I also think he is part of the team, it is not possible that he has much of all this information without him being part of the team, what would he gain by constantly making a post to promote this project if he does not are team member? How can he get so much information about this project? he is part of this project


OP are you part of this project?

how do you have so much information about this project?

why did you create ANN thread for this project?

[stomachgrowls]

I am a little confused here. You created and posted their ANN thread which makes me feel like you are either a part of their team or you are the founder. You even posted all the links and I cannot imagine an investor in the project would go that far. Although I see that you haven't mentioned anywhere in the ANN that you are part of their team, but I suggest you to make a small disclaimer or note that you are not part of the team, if you actually aren't.

If you are part of the team then I don't think starting a thread like this one makes any sense because obviously, this is marketing more than your actual analysis.

The last 5-10 posts of yours are all regarding this project, which isn't a problem but you look connected to their team in some ways mate .

Not on some ways but its a bit obvious that this guy is just trying to advertise this NEAR protocol  which im not even aware on how good this is. Asking out if technical and fundamentals do help?

Yes of course and the fact that this is the only two things on where people been relying about to their investment or positioning in the market.Lets not talk about specific projects on here

since we do talk about the topic title then lets stick to that rather than making out discussions about on the said mentioned project on above. Example? no it isnt and its just clear

that he's trying to advertise it on here or he's part of the team.

[Wind_FURY]

OP, for shitcoins, I believe “fundamental analysis” is very difficult to measure/gauge. This is because people treat these projects like real companies, which will NEVER be like real companies. They don’t have a P/E ratio, or Book Value per Share ratio, or other basic ways to measure “fundamentals”.

But, any coin that has “good fundamentals” should be the coin that has an increasing average daily transaction count for over a long period of time. Plus it should be prove to be truly decentralized enough not to be shut down by a centralized authority.

[Maslate]

You are part of the team, NEAR project, right? Then, if you are promoting your project,
This might help you to find a way how your projects will run well and not just a scam. Because investors will consider and invest in your project or any projects if that is good-looking and promising.  

But this not only the basis if that particular project is worth to invest or it has a fortune. It should have a working product and from that, we exoect that this project will surely gain trust from the community.

[kram31]

Both can really give an idea and knowledge about in trading. Especially if you are a newbie or even old here you can still gain
in idea via this both analysis although they are differ to one another. But to be honest its not that easy to understand it but if you are
willing to learn it will be easy for you of course.

[aditasetia123]

technical or fundamental will usefull to defince are project worth to buy or not.  We need to analize the project background and product that they will developt, did they will build usefull project or only shit project that want take our money. And technical used for defince in which level we should buy or sell to maximize our profits and minimize risk.

[maxreish]

When using technical analysis, you will choose your preferred indicators. Like MA, Bollinger Bond, etc. You can definitely see the right time to buy or to sell a particular coin base on your technical analysis. And together with fundamental analysis, your trade will surely have a good outcome.

Though Im just curious the way you posted NEAR token as a shill. Anyway, its not easy to integrate those analysis in your trade but probably be a good help to have a basis.

[LUCKMCFLY]

For me, the combination of technical analysis plus the fundamental is the best, the one that makes money, because if you do pure technical analysis, 80% will fail as if you only do the fundamental analysis.

I am a follower of the teachings of Jesse Livermore, and I have read many books about him and he always listened sometimes to his intuition and won, even though he was breaking the rules of any analysis, he also ignored the news to Unless they were Fundamental news, when a fundamental analysis is done first, it is possible to realize many things that can happen, and it gives you an idea where the market is going, if you have that vision, the technical analysis goes in that direction and the chances of success increase, that's how little I have learned from the market.

[RussianEnglishTranslation]

NEAR protocol is legit. I heard about it in 2019 and should have bought in but I didn't like their mascot. I should have done more research, it's the only blockchain with infinite TPS using sharding, two second finality, and it can scale Ethereum with Aurora.

[Wind_FURY]

You are part of the team, NEAR project, right? Then, if you are promoting your project,
This might help you to find a way how your projects will run well and not just a scam. Because investors will consider and invest in your project or any projects if that is good-looking and promising.  

But this not only the basis if that particular project is worth to invest or it has a fortune. It should have a working product and from that, we exoect that this project will surely gain trust from the community.

Who is part of the NEAR project? OP? I believe not. Big projects’ core team members have stopped coming in this forum currently because it’s full of spam. Or maybe they don’t care to spend their time with us plebs. Hahaha.

But if you look for posts from 2011 - 2013, you would see that many of the known shitcoin developers started learning about Bitcoin, then developed shitcoinery in this forum.

[jostorres]

NEAR protocol is legit. I heard about it in 2019 and should have bought in but I didn't like their mascot. I should have done more research, it's the only blockchain with infinite TPS using sharding, two second finality, and it can scale Ethereum with Aurora.

I see most of your last content posted is in favor of NEAR project. You understand that supporting/promoting is one thing but talking about just one thing all the time is considered spam and paid promotion.

Does technical and fundamental analysis help? Of course, both of them do. Fundamental more helpful and insightful than technical analysis but both are important if one aspires to be a long term trader because only fundamental analysis would turn a trader into an investor while only technical analysis won't last long because you don't know the core values of a project.

[crwth]

I think OP is partly with TA and FA both. Though different, all the three (including factual) shall be considered if investing heavily.

The part where you should learn about its TA and FA should be given already and a lot of people should do it consistently. No one can escape the fact that projects can be a scam or not. The important thing is you buy what you can afford to lose and don't risk too much that could affect your well-being or lifestyle.