News on the table: $IDOL is still near the top of the rankings, but no related new reports have appeared. Is the market buying it?
Over the past day, the price is up 12.24% from this time yesterday.
At the moment, only 0% of Stocktwits users are bullish. Huh?
There’s no discussion on Reddit either.
I’m staying on the sidelines: this looks more like gains leading the way while discussion is absent; there’s still not enough evidence to support the idea that news is heating up consensus.
The bullish statistical arbitrage signal is a counterpoint, so I’ll tone down my skepticism.
If the bulls treat the ranking as proof that the word is getting out, pfft—that’s like saying, “The flower shop’s sign is lit, so the whole street must smell the flowers.”
I’ll set two thresholds for changing my view:
If it breaks above 0.0223 and holds, I’ll turn bullish.
If it falls below 0.0185, I’ll turn bearish.
Do you think the 12.24% gain is waiting for discussion to catch up, or is 12.24% just a one-coin rally on the rankings?
#IDOL #NewsAnalysis
Data from Binance public market data; not investment advice
Over the past day, the price is up 12.24% from this time yesterday.
At the moment, only 0% of Stocktwits users are bullish. Huh?
There’s no discussion on Reddit either.
I’m staying on the sidelines: this looks more like gains leading the way while discussion is absent; there’s still not enough evidence to support the idea that news is heating up consensus.
The bullish statistical arbitrage signal is a counterpoint, so I’ll tone down my skepticism.
If the bulls treat the ranking as proof that the word is getting out, pfft—that’s like saying, “The flower shop’s sign is lit, so the whole street must smell the flowers.”
I’ll set two thresholds for changing my view:
If it breaks above 0.0223 and holds, I’ll turn bullish.
If it falls below 0.0185, I’ll turn bearish.
Do you think the 12.24% gain is waiting for discussion to catch up, or is 12.24% just a one-coin rally on the rankings?
#IDOL #NewsAnalysis
Data from Binance public market data; not investment advice
