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How to Use Technical and Fundamental Analysis in Crypto Trading
Hello Binancians. 😊
$BTC $BNB
Technical analysis and fundamental analysis are two methods you can use to evaluate the value and behavior of cryptocurrencies. Both have their advantages and disadvantages, and it is up to you to decide which one best suits your trading style and goals.
Technical analysis is based on the study of price and volume patterns of cryptocurrencies in the market, using tools such as indicators, charts, and trend lines. The goal is to identify support and resistance zones, entry and exit points, and possible future market directions. Technical analysis assumes that all relevant information is already reflected in the current price, and that the market moves following certain rules and cycles.
$BTC $BNB
Technical analysis and fundamental analysis are two methods you can use to evaluate the value and behavior of cryptocurrencies. Both have their advantages and disadvantages, and it is up to you to decide which one best suits your trading style and goals.
Technical analysis is based on the study of price and volume patterns of cryptocurrencies in the market, using tools such as indicators, charts, and trend lines. The goal is to identify support and resistance zones, entry and exit points, and possible future market directions. Technical analysis assumes that all relevant information is already reflected in the current price, and that the market moves following certain rules and cycles.
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