Should believe in News or Technical analysis? by DENT DEFI

4H trend chart
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Influence of News
You must have the same experience...News coming everywhere day and night.
It might be just a "news" for a child, salaried man or a retired man who is having a tea leisurely right now.
However, we are all in a amazing, astonishing and terrifying market, depended on what the news is!
Reminiscing Elon's twitter, Trump's mouth or a barrel of crude oil, all of them sharply affected stocks and cryptocurrency you hold.

These phenomenon occur every day, every month, and every year, even over the next decades.
Recently, DENT said DEFI is coming!
Obviously, price rallied rapidly by this news and accumulated high volume on 9/28
But pullback was followed soon.
Here, during the bumpy ride, you will choose to believe News and hold DENT or sell it from panic?

So, What would you do while seeing These News in future?

Technical Analysis
Technical analysis is a method to classify, conclude the pattern from candlestick, based on Big Data and Statistic.
Like chance, it'd not provide you 100% to take profit, but could indicate the direction and trend for you to see clearly.
It's all-embracing, including chart patterns, price trends, moving averages/momentum...etc.
Although there are many methods and theories, what you need is the easy way and the one you like. (we can discuss TA deeper in future)

As DENT trend chart, obvious Trend line/Darvas box/Resistance zone are easily showing through analyses.
It appropriately provides you reference and direction to decide your trading strategies.

So, we could trust technical analysis totally?
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Conclusion
From my perspective, study and identify of News is the way to know a new commodity or tech or cryptocurrency.
Once you're interested in them, try to realize what it really is and how it processes.
While you wanna trade these product after study, technical analysis is the best tool to assist you.
You could even major on it to identify, judge and evaluate the price.
Because what you see on the chart and the real result you eventually gain are the truth and real, no matter what comes from Elon's twitter or Any key of leaders' post/mouths.

Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading day guys!

EthanTW

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