🔸 1. Candlestick Patterns $ETH
Candlestick charts show price movement over a specific time (1m, 15m, 1h, 1d, etc.).
Key Candlestick Components:
Body: Open to close price range
Wick (Shadow): High and low price points
Colors:
Green/White = Price closed higher (bullish)
Red/Black = Price closed lower (bearish)
Common Patterns:
Pattern Meaning
Doji Market indecision
Hammer Bullish reversal (after downtrend)
Shooting Star Bearish reversal (after uptrend)
Engulfing Strong reversal signals (bullish/bearish)
🔸 2. RSI (Relative Strength Index)
Found under Indicators > RSI
Range: 0–100
Interpretation:
Above 70 = Overbought (possible sell signal)
Below 30 = Oversold (possible buy signal)
🔁 Combine RSI with price action:
Oversold + support zone = good buy setup
Overbought + resistance zone = possible sell
🔸 3. MACD (Moving Average Convergence Divergence)
Shows momentum and possible trend reversals
Components:
MACD Line (Fast EMA)
Signal Line (Slow EMA)
Histogram (difference between lines)
Key Signals:
MACD crosses above Signal Line = Bullish
MACD crosses below Signal Line = Bearish
Histogram growing = Strengthening trend
🔸 4. EMA / MA (Moving Averages)
MA = Simple average of prices
EMA = Exponential (gives more weight to recent prices)
Commonly used:
EMA 9 & EMA 21 (short-term)
EMA 50 & EMA 200 (long-term)
Use Case:
Price above EMA = Bullish
Price below EMA = Bearish
EMA crossovers:
EMA 9 crossing above EMA 21 = Buy
EMA 9 crossing below EMA 21 = Sell
🔸 5. Bollinger Bands
Found under Indicators > Bollinger Bands
Shows volatility and potential price range
Components:
Middle Band = 20-period moving average
Upper & Lower Bands = ± 2 standard deviations
Use:
Price touches lower band = Oversold (potential buy)
Price touches upper band = Overbought (potential sell)
Bands expanding = High volatility
Bands squeezing = Low volatility (possible breakout soon)
🔸 6. Support and Resistance Levels
These are horizontal lines where price tends to reverse or stall.
How to draw:
Zoom out to see previous highs/lows
Mark areas where:
Price bounced up repeatedly = Support
Price dropped repeatedly = Resistance
Use:
Buy near support
Sell near resistance
Breakouts above resistance or below support signal strong trend continuation
🛠️ On Binance/TradingView:
Click “TradingView” on chart window.
Use tools on the left toolbar to:
Draw horizontal lines
Add text/notes
Use indicators via top menu