In terms of chart analysis, yes.
In terms of market movement, no.

There are huge number of teen investors/traders who trade on emotions. Bitcoin price movement hugely dictates the altcoin price. Usually, alts suffer when Bitcoin pumps or dumps and tend to grow when Bitcoin is stable. Bitcoin price movement can easily ruin the altcoin price action. Stocks price action is dependent upon company's growth and revenue. But in altcoins, there are bulk hodlers who runs the market according to their will which isn't that common in stocks. Pumps and dumps aren't illegal as in stocks because of lack of regulations. Market is highly immature. I would say, trade cautiously.