Price changes must be compared over the same time period; a higher rank doesn't mean an asset is more resilient to declines. $AIN will demonstrate that today—hey~.
Good morning. BTC is down 0.33% from this time yesterday, so the bullish switch is off.
The leader, $AIN , is down 1.84% over the same period.
$ARIA ranks second, with technical indicators bullish overall.
$IDOL comes next, also bullish on technicals overall.
I'm bearish. I think the leader's halo is masking signs of weakness, so for now I don't buy the claim that being in the lead means it can weather a downturn.
The bullish trend signal is evidence to the contrary, so I'll only maintain a mildly bearish view.
If the bulls celebrate its top ranking, pfft~—I'd call it “the sole is coming unstuck, but the shoebox has already moved into the trophy cabinet.”
The past day's boundaries keep me in check:
If 0.235 breaks, I'll keep treating weakness as the main story.
If it rises above 0.309, then I underestimated it, and my bearish view is off the table.
Which line do you agree with more: “1.84% revealed weakness” or “1.84% was just a breather”?
#AIN #CryptoMarket
Data from Binance's publicly available market prices. This is not investment advice.
Good morning. BTC is down 0.33% from this time yesterday, so the bullish switch is off.
The leader, $AIN , is down 1.84% over the same period.
$ARIA ranks second, with technical indicators bullish overall.
$IDOL comes next, also bullish on technicals overall.
I'm bearish. I think the leader's halo is masking signs of weakness, so for now I don't buy the claim that being in the lead means it can weather a downturn.
The bullish trend signal is evidence to the contrary, so I'll only maintain a mildly bearish view.
If the bulls celebrate its top ranking, pfft~—I'd call it “the sole is coming unstuck, but the shoebox has already moved into the trophy cabinet.”
The past day's boundaries keep me in check:
If 0.235 breaks, I'll keep treating weakness as the main story.
If it rises above 0.309, then I underestimated it, and my bearish view is off the table.
Which line do you agree with more: “1.84% revealed weakness” or “1.84% was just a breather”?
#AIN #CryptoMarket
Data from Binance's publicly available market prices. This is not investment advice.
