#ETHMarketWatch Classic Analysis

There are 6 things

1- Candlestick Patterns

2- Trend Lines

3- Support and Resistance Lines

4- Important Technical Indicators

5- Chart Patterns

Support and Resistance

Support Area: The lower area that the price finds it difficult to break, and it often bounces back from it.

Important Indicators:

1- Indicators that help determine the trend such as MACD Moving Average

2- Indicators that help determine momentum (the speed of market movement), such as the RSI - ADX indicator.

3- Indicators that help gauge liquidity which indicates the strength of the movement, such as the Oscillator indicator.

4- Indicators that help study market volatility such as the Bollinger Bands indicator.

1 • Head and Shoulders

It consists of 3 peaks divided into one peak at the top and two peaks at the bottom.

The price breaks out when it breaks the neckline, and it can also form 3 troughs, with one trough at the bottom and two troughs on either side.

2- Ascending / Descending Triangle

This consists of a horizontal line and an inclined line, and when it is rising, after a wave of price increases, the prices compress and are restricted within the triangle, leading to a price explosion.

3- Symmetrical Triangle

It consists of two inclined lines as in the image, and it also leads to price restriction, which leads to a price explosion based on the trend line of the first wave.

• Descending Triangle

• Symmetrical Triangle

• Ascending Triangle#MarketRebound $ETH