#CariKataKripto day 07

It feels like the crypto word search event has reached day 7 out of 7, which means today is the last day. I have successfully found three words: Resistance, Support, and Candlestick. As usual, I will explain a little about the meanings of these three words.

RESISTANCE :

In trading, resistance is the price level at which upward price movement tends to stop due to strong selling pressure. It is like a "ceiling" that prevents the price from rising higher. Traders often identify resistance as the previous highest point or an area with strong selling pressure in the past. Resistance forms because there are many sellers active at that price level, increasing supply and making it harder for the price to rise.

SUPPORT :

In crypto trading, "support" is the price level at which demand tends to be strong enough to prevent the price from falling further. This can be considered as the "floor" of the price that supports the decline, as at this level, many potential buyers expect the price to rise again, so they start buying, which then prevents the price from falling further. Support is the price point believed to be the base or floor for the movement of cryptocurrency asset prices. Support acts as the lower bound of the price, where the price tends to stop falling and can even rebound (rise) again.

CANDLESTICK :

A candlestick in crypto trading is a technical analysis tool that illustrates the price movement of a cryptocurrency asset over a certain period of time. Each candlestick shows the opening price, closing price, highest price, and lowest price during that period. Candlesticks help traders analyze price trends and potential future price movements.

The #CariKataKripto event is now complete for this edition, stay tuned for other events that will be organized by Binance Indonesian. Thank you to everyone involved in this event, especially from the Binance Indonesian team. See you at the next opportunity.