#PriceTrendAnalysis Price trend analysis involves studying historical price data to identify patterns and predict future price movements. Techniques used include:
- *Trend lines*: Identifying upward or downward trends
- *Support and resistance*: Pinpointing price levels that act as barriers
- *Chart patterns*: Recognizing shapes like triangles, wedges, and head-and-shoulders
- *Moving averages*: Smoothing price data to identify trends
- *Relative Strength Index (RSI)*: Measuring overbought or oversold conditions
By combining these techniques, analysts can gain insights into market sentiment and make informed predictions about future price movements.