This Ethereum rally has really taught technical analysis a lesson. As soon as the news hit, all those support and resistance levels became useless—the price just shot up 100 points in a flash. It seems that in the crypto market, when major bullish news comes out, all those fancy candlestick pattern analyses take a back seat. Sometimes, news is the strongest logic.
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MissedAirdropBro
· 3h ago
Technical analysis is really fragile in the face of news; after all this time, news is still king.
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PretendingSerious
· 12-05 16:52
Absolutely right, the news is a game-changer. Technical analysis is as fragile as paper in the face of major news events.
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ruggedSoBadLMAO
· 12-05 16:48
K-line analysis is just a paper tiger in the face of news; it got slapped in the face again this time.
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TopEscapeArtist
· 12-05 16:41
Oh my god, hit hard by the news again. Technical analysis is completely useless now.
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ImpermanentTherapist
· 12-05 16:28
News trumps technical analysis— isn’t that just reality? Charts are just for fun.
This Ethereum rally has really taught technical analysis a lesson. As soon as the news hit, all those support and resistance levels became useless—the price just shot up 100 points in a flash. It seems that in the crypto market, when major bullish news comes out, all those fancy candlestick pattern analyses take a back seat. Sometimes, news is the strongest logic.