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How to know if a digital currency will go up or down within 15 minutes
Analyzing digital currencies in short time frames, such as 15 minutes, requires the use of technical analysis primarily. In this type of analysis, price patterns and technical indicators are relied upon to determine short-term trends.
Here are basic steps to help you predict the direction of the digital currency:
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1. Analyze charts
Use trading platforms that offer instant charts such as TradingView.
Set the chart time frame to 15 minutes.
Look for common patterns such as:
Uptrend: Higher bottoms and tops.
Downtrend: Lower bottoms and tops.
Sideways: Price movement within a fixed range.
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2. Use technical indicators
a) Moving Averages:
Short MA (such as MA 9): Shows instantaneous movements.
Longer MA (such as MA 21): Gives the general trend.
If the short MA crosses above the longer MA, it may indicate a bullish trend. If it crosses below it, it may indicate a bearish trend.
b) Relative Strength Index (RSI):
If the RSI is below 30, the currency may be oversold and likely to rise.
If the RSI is above 70, the currency may be overbought and likely to fall.