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These 2 indicators gave traders a buy signal hours before Filecoin and Near rallied

Published 08/18/2021, 02:30 PM
Updated 08/18/2021, 04:00 PM
These 2 indicators gave traders a buy signal hours before Filecoin and Near rallied

In financial markets, the uneven distribution of information comes hand-in-hand with theuneven distribution of economic power. The cryptocurrency market is no exception and oftentimes those with insider knowledge or access to industry-grade data intelligence tools can put their digital assets to work in ways the everyday retail investor could never do.

Still, regular traders can profitably leverage publicly available, market-moving news if they are lucky to get to it before the rest of the pack. Research suggests that certain types of news announcements, such as those related to staking, listings, and partnerships, have the greatest potential to move crypto prices.

FIL price chart. Source: Cointelegraph Markets Pro
NEAR price chart. Source: Cointelegraph Markets Pro

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