The top ten cryptocurrencies in terms of market capitalization as of 01/03/2022 are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT), Solana (SOL), Cardano (ADA), US Dollar Coin (USDC), XRP (XRP), Terra (LUNA), and Polkadot (DOT). Are these cryptocurrencies deemed as a reliable asset for swing trading? Swing Trading makes trades based on swings in stocks, commodities, and currencies that take place over a few days or several weeks while Day Trading involves using technical analysis and charting systems to make many trades in a single day. Swing traders primarily use technical analysis to look for trading opportunities and may utilize fundamental analysis in addition to analyze price trends and patterns. Swing traders make trades that last a couple days up to several months in order to profit from an anticipated price move. Hence, swing traders are exposed to overnight and weekend risks in that the price can move against them in a dramatic way at the following session. Swing traders can take profits based on a stop loss and profit target or they can take profits or losses based on a technical indicator or price action movements.

Do you think cryptocurrencies are reliable assets to engage in swing trading? Some suggestions would be very much appreciated and helpful in my ongoing resecrh on cryptocurrencies.