#PriceTrendAnalysis What Is Technical Analysis?

Technical analysis is the process of using historical price data to attempt to forecast the likely future price direction. The technician has many tools at their disposal. All are derived from price and/or volume. Through the study of historical price data that is plotted on charts, the technician is able to make a judgment about the sentiment of market participants.

These technical tools can be used with a wide variety of securities, such as stocks, indices, commodities, or any tradable instrument, including cryptocurrencies.