With a significant emphasis on price, Parets and his team share views across a range of asset classes, including crypto, on his blog. "The markets are the exact same way, a market that's trending higher, making higher highs and higher lows, has a much higher probability to continue to trend in that direction than just completely reversing on a dime," Parets said. Technical analysis, on the other hand, works because markets trend, Parets said. "It all started because nothing else seemed to work," said Parets, who found little success with fundamental analysis, which relies more on financial and economic data. Market technicians like him study charts to find patterns and trends, and the opportunities that these signal. Brian Mast bought up to $100,000 in a space company's stock days after a top executive testified before his congressional committeeĮven after more than 12 years in the industry as a technical analyst, Parets still keeps it simple with a focus on price and pure technicals. "When it comes to what's my favorite technical indicator," Parets said, "that's an easy answer: price." He predicted cardano would rally if the price went above $1.40. The third-largest token by market cap is considered divisive in the crypto community because it's more centralized and has figurehead leadership, which goes against some of the core principles of decentralized cryptocurrencies.īut Parets' thesis wasn't based on the crypto asset's leadership. Three weeks ago, technical analyst JC Parets took a significantly bullish stance on the controversial crypto token cardano. See more stories on Insider's business page.
#HELIUM CRYPTO PRICE PLUS#
This recovery was much needed as the coin was trading at its all-time low of 2022. The coin somehow managed to attract buyers. Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.Īfter a long downtrend movement, the HNT price has started recovering over the daily chart. Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. The HNT/BTC pair is at 0.0003382 BTC with a gain of 0.62% in it>.The crypto asset is trading above the 20, 50, 100, and 200 daily moving average.After a long downtrend movement, the HNT price has started recovering over the daily chart, dominating the bears.