Technical analysis is the study of historical price movements. Technical traders generally use the process as a confluence or an actual reason to get involved in specific cryptocurrency projects. For efficiency, the trading methodology is effective on large crypto projects with high liquidity and market cap. Cardano’s ADA and Polygon’s MATIC are popular digital assets where traders use technical analysis to make trading and investing decisions.
ADA and MATIC will skyrocket when the tide goes down
Financial markets are heavily controlled by market sentiments resulting from macroeconomic factors happening in the world. In 2022, the bear market has reigned supreme, bringing crypto prices plummeting to lower lows. This market sentiment favors technical analysis for investors looking to short against crypto prices.
A closer look at ADA reveals that the FTX debacle sent its prices to new lows, breaking the $0.4 support held for several months before the exchange’s collapse. MATIC also suffered the same fate but has since recovered past August highs, trading at $0.9.
SmarterWorx success is imminent
SmarterWorx is one of the hottest and most interesting DeFi protocols in crypto. The project concentrates on a bright future after the bulls take over from the bears, opening up expensive art investment opportunities to retail investors.
The project is currently on a series of ten presale cycles to pull investments that will fund the development of the ecosystem. After the sale, a treasury fund will spearhead the platform’s reforms by delegating funds to various projects on its roadmap.
SmarterWorx’s native and governing token is ARTX, which will give voting rights to holders in the SmarterWorx DAO. The DAO will provide a platform to which ARTX will vote on or against proposals made by other members to improve the ecosystem. Through the treasury fund SmarterWorx will acquire pieces of rare undervalued art collections that will be tokenized on the blockchain network by an asset liquidity provider, Courtyard.io.
ARTX tokens will be listed on several exchanges and marketplaces as the ecosystem grows. Such platforms include decentralized exchanges such as Uniswap, blockchain analytics companies such as CoinGecko and CoinMarketCap, centralized exchanges such as Binance, and wallet service providers such as Crypto.com.
This will prompt followers to list ARTX on charting platforms such as trading view, Binance’s spot, and perpetual charts, to mention a few. The listing will increase trading volumes, and market cap as technical speculators, traders, and investors can pull ARTX’s chart against other cryptocurrencies. Buy ARTX tokens today and become a pioneer of the ecosystem.
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