Simetri Research Launches Dashboard for Short-Term Crypto Traders
Max Boddy's original article for cointelegraph.com reduced by 52%
Simetri Research, a crypto research and analysis service backed by digital currency reviewer Crypto Briefing and crypto price aggregator CoinMarketCap, has launched a new platform that displays short-term trading signals. Coins on the Move is reportedly designed to meet the informational needs of short-term crypto traders, who prefer to actively buy and sell rather than hodl. Simetri is currently only offering the service to Simetri Research subscribers.
Simetri Research CEO Han Kao remarked that Simetri is an attempt to close an information gap that is detrimental to retail investors. Technical and fundamental analyses are insufficientKao further remarked that neither technical analysis nor fundamental analysis are good predictors of crypto price. "Technical analysis is helpful in the cryptocurrency world But it doesn't tell the full story.
And since this is still a nascent market, nor does purely fundamental analysis. Crypto pricing is dictated by a unique hybrid of factors, such as the overall project strength, market trends such as staking, token momentum, investor sentiment, and of course the 24/7 news cycle." Coinbase moves into trading signalsAs reported by Cointelegraph, major crypto platform Coinbase announced in July that it would offer crypto trading signals to its customers.
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Summarised crypto news.