#PriceTrendAnalysis Price Trend Analysis refers to studying historical price movements to identify patterns and predict future price directions. It is commonly used in financial markets, including stocks, forex, and cryptocurrencies.
Key Methods of Price Trend Analysis:
1. Trendlines & Moving Averages:
Identifying upward, downward, or sideways trends using tools like Simple Moving Average (SMA) and Exponential Moving Average (EMA).
2. Technical Indicators:
Relative Strength Index (RSI): Measures momentum to identify overbought or oversold conditions.
MACD (Moving Average Convergence Divergence): Helps detect trend reversals and strength.
Bollinger Bands: Shows price volatility and potential breakout points.
3. Candlestick Patterns:
Analyzing formations like Doji, Hammer, and Eng