Simetri Research Launches Dashboard for Short-Term Crypto Traders

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Simetri Research, a crypto research and analysis service backed by digital currency reviewer Crypto Briefing and crypto price aggregator CoinMarketCap, has launched a new platform that displays short-term trading signals.

Coins on the Move is reportedly designed to meet the informational needs of short-term crypto traders, who prefer to actively buy and sell rather than hodl.

Some insights the platform offers include entry and exit prices and near-term price projections accompanied by researcher rationales.

Simetri is currently only offering the service to Simetri Research subscribers.

Simetri Research CEO Han Kao remarked that Simetri is an attempt to close an information gap that is detrimental to retail investors.

"When one party has a great deal of knowledge, and the other has very little, that imbalance puts the retail investor at a huge disadvantage. Our goal is to help redress that imbalance with SIMETRI - giving our best interpretation of multiple data points, to help investors understand the market as quickly and easily as possible."

Technical and fundamental analyses are insufficientKao further remarked that neither technical analysis nor fundamental analysis are good predictors of crypto price.

"Technical analysis is helpful in the cryptocurrency world But it doesn't tell the full story. And since this is still a nascent market, nor does purely fundamental analysis. Crypto pricing is dictated by a unique hybrid of factors, such as the overall project strength, market trends such as staking, token momentum, investor sentiment, and of course the 24/7 news cycle."

Simetri remains a fairly young initiative, having launched at the beginning of July of this year.

Coinbase moves into trading signalsAs reported by Cointelegraph, major crypto platform Coinbase announced in July that it would offer crypto trading signals to its customers.

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