🔹Identifying trends in cryptocurrency charts involves a combination of technical analysis tools and market context.

♦️ Time Frame Analysis :

- Higher Time Frames (Weekly/Daily) :

Start with these to determine the primary trend. Trends on higher time frames are more reliable.

- Lower Time Frames (4-hour/1-hour):

Use for entry points or to fine-tune trend analysis within the primary trend.

♦️ Visual Inspection :

- Price moves in a wave pattern. By studying the relationship between waves ( their duration, range and speed ) we will able to understand the nature of trend.

- Higher Highs & Higher Lows: Indicates an uptrend.

- Lower Highs & Lower Lows: Suggests a downtrend.

- Sideways Movement: Price oscillates within a range, indicating consolidation.

🔹 More information in upcoming post. Don't forget to Follow.

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