How to analyze the market? 💸
How to understand where the price is going? Should I buy? Should I wait? All of this is helped by technical analysis — the language of charts in trading.
Without it — it's like driving a car with your eyes closed 🙈
1. 
The trend is the direction of price movement
The price does not move chaotically. It either rises (upward trend),
or falling (downward), or moving sideways (trending in a lateral channel).
🔺 If each new peak and trough is higher than the previous ones — the trend is upward.
🔻 If the opposite — downward.
➖ If it oscillates between two levels — this is a range.
📌In trading, it is always easier to trade with the trend rather than against it.
2. Support and resistance levels
🔹 The support level is the 'floor' below which the price often does not fall.
🔹 The resistance level is the 'ceiling' above which it is hard for the price to rise.
These levels work because there are large market participants or mass orders sitting there.
📊 In the chart above, support is shown in green and resistance in red. The trend is upward.
3. Volumes are the 'loudness' in the market
📈 High volumes confirm the strength of the movement.
📉 Low volumes — a signal of weakness or a possible trend stop.
💡 With strong movement without volume — be careful: it can be a trap.
How to start analyzing?
1️⃣Open the chart
2️⃣Find the trend: is the price rising or falling?
3️⃣Draw horizontal lines where the price has bounced multiple times — these are levels
4️⃣Look at the volumes