Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?
To invest in a project, I think we should analyze fundamentally instead of technical analysis. Technical analysis is based on more charts but a project does not have too much evidence for us. Fundamental analysis and whether their fund is large, or if investors are willing to buy more,... that is really important.