Information about classical + technical analysis:
Classical analysis 📈📉 + technical 📊
Depends on:
Repeated price patterns in charts such as:
1️⃣. Peaks and troughs
2️⃣. Support and resistance
3️⃣. Chart patterns such as: head and shoulders, triangles, and price channels
☑️ Benefit of classical + technical analysis:
Helps the trader to
Accurately identify entry and exit points by observing price behavior at support or resistance areas or during the formation of chart patterns.
$BTC
If the price breaks a significant resistance line, it may signal the start of an upward trend and a buying opportunity.