Technical analysis is a way to predict the behavior of an asset's price (in our case, cryptocurrency) using charts and mathematical tools. At first glance, it may seem complicated, but let's break down the basic indicators that can be mastered even by beginners. They will help understand when it's best to buy or sell.

1. Moving Averages (Moving Averages)

The moving average (SMA or EMA) shows the average price of an asset over a certain period. This indicator helps understand the overall trend: whether the price is rising or falling.

  • SMA (Simple Moving Average) — simple moving average. For example, SMA-50 is the average price over the last 50 days.

  • EMA (Exponential Moving Average) — exponential moving average, it reacts more to recent data.

📌How to use? If the price is above SMA, this may indicate an upward trend (time to buy). If below, a downward trend (time to sell).

2. RSI Indicator (Relative Strength Index)

RSI helps understand whether the asset is overbought (price too high) or oversold (price too low). It is measured on a scale from 0 to 100.

  • If RSI is above 70, the asset is overbought, a decline is possible.

  • If below 30, the asset is oversold, the price may start to rise.

📌How to use? Watch the levels 30 and 70. If RSI goes beyond these boundaries, consider entering a trade.

3. MACD (Moving Average Convergence Divergence)

MACD shows the difference between two moving averages and helps find moments when the trend changes.

  • If the MACD line crosses the signal line from below, it's a buy signal.

  • If from above, it's a sell signal.

📌How to use? This indicator is especially useful for confirming trends, but it's better not to use it on its own.

4. Trading Volume (Volume)

Volume shows how much cryptocurrency has been bought and sold over a certain period.

  • Increasing volume confirms the strength of the trend.

  • If the price is rising but the volume is falling, this may be a sign of trend weakness.

📌How to use? Look at the volume during sharp price movements. High volume confirms the seriousness of the change.

5. Support and Resistance Levels

These are key levels where the price often stops or reverses.

  • Support is a level below which the price rarely falls.

  • Resistance is a level above which the price rarely rises.

📌How to use? Buy near support levels, sell near resistance levels. If the price breaks through a level, it may signal the beginning of a strong movement.

‼️Tips for Beginners‼️

  1. Don't complicate things. Start with one or two indicators to avoid confusion.

  2. Combine tools. For example, use RSI together with moving averages.

  3. Mistakes can be costly.

  4. Do not rely solely on technical analysis. Keep an eye on news that may affect the market.

Technical analysis is not magic; it is a tool that helps make more informed decisions. The key is practice and patience. #новичок #криптовалюта #BinanceBlockchainWeek #CryptoNewss