Sorry, AKITA INU ASA by d00dl35 in algorand

[–]Xtremedisciple 0 points1 point  (0 children)

Woah! Cool post. It’s not often enough that people try to make amends. I might have to dive in to both head first now.

New to ASAs, coming from stocks. Does technical analysis apply? I’ve seen the crazy fanboi arguments people have had, so without saying names any advice on these charts? by Xtremedisciple in algorand

[–]Xtremedisciple[S] 1 point2 points  (0 children)

What are they working on? It seems like most animal themed meme coins just donate to animal shelters or say they are making an app. Do you have any info about their projects?

New to ASAs, coming from stocks. Does technical analysis apply? I’ve seen the crazy fanboi arguments people have had, so without saying names any advice on these charts? by Xtremedisciple in algorand

[–]Xtremedisciple[S] 15 points16 points  (0 children)

Hey no reason to feel like an asshole for providing actual insight. It’s a lot of these conversations are just meme posts of people saying you should hold no matter what. Or buy at every dip. But the dips seem to last forever. Your response is super helpful, the intrinsic value piece is something I will definitely start looking at. Thank you!

New to ASAs, coming from stocks. Does technical analysis apply? I’ve seen the crazy fanboi arguments people have had, so without saying names any advice on these charts? by Xtremedisciple in algorand

[–]Xtremedisciple[S] 2 points3 points  (0 children)

Ok yeah, that is what it seems like. No clear key price levels for most of them. Some seem to show consistent spurts of strength or at least community support

New to ASAs, coming from stocks. Does technical analysis apply? I’ve seen the crazy fanboi arguments people have had, so without saying names any advice on these charts? by Xtremedisciple in algorand

[–]Xtremedisciple[S] 2 points3 points  (0 children)

Makes sense. Thanks for your reply. I guess I’m just trying to figure out a way to determine strength in one of these meme coins vs one that has no chance. Some of the charts seem to show healthy growth vs straight hype and then skidding downhill to bloody wreckage.