During extreme market volatility and outside influence, doing Technical Analysis (TA) can be extremely difficult. The markets move very aligned and if you'd be trading, you'd never be trading a single coin. You are trading the market.
We can look at it from a strength rank point of view, where we put all major market caps in a row, and compare how to put up against eachother over time. In this case ETH took the largest losses and BTC is currently on top, confirming it's status of the gold of cryptocurrency.
During downtrends it's advisable to hold the strong coins, in this case think BTC, BCH, or XRP. But during uptrends the biggest gains could be made by weaker coins, as they have more opportunity to recover percentage wise. During those times ETH, ADA, and EOS are great candidates for trading.
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- Trading Guru
-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
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