Technical Analysis Methods for Cryptocurrencies

How to Read the Market and Know When to Buy or Sell?

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🔍 What is Technical Analysis?

It is the study of price movement and charts using tools and indicators that help you predict market direction.

Most Famous Technical Analysis Methods:

1️⃣ Candlestick Patterns:

Patterns that appear on the chart indicating price reversal or continuation, such as: hammer, shooting star, stars…

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2️⃣ Moving Averages:

Used to determine the overall price direction by calculating the average price over a certain period (e.g., 50 days or 200 days).

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3️⃣ Relative Strength Index (RSI):

Measures the strength of price movement and indicates whether the currency is in an overbought or oversold condition.

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4️⃣ Support & Resistance Lines:

Price levels where it is believed that the price will stop or reverse,

for example, the price drops and reaches a support point and then rises.

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5️⃣ Volume:

An important indicator that indicates the strength or weakness of the trend, high trading volume with rising price is a good indicator.

Tip:

Do not rely on just one indicator; combine multiple tools for better and more accurate analysis.

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