🔶 Lesson Number 2 Technical Analysis (Technical Analysis)
💡 What is Technical Analysis?
It is the study of price movements, patterns, and candlesticks on the chart with the aim of predicting the next market direction.
🔍 Its basic tools:
✅ Support and resistance lines
✅ Trends
✅ Moving averages
✅ Indicators (RSI – MACD – Bollinger Bands)
✅ Chart patterns (such as head and shoulders – double tops and bottoms)
🎯 Its benefit:
It gives you a clearer view for entering accurate trades with good risk management, but it does not guarantee 100% results.
⚠️ Remember:
✅ Technical analysis = probabilities, not certainty
✅ Combining it with fundamental analysis enhances the strength of your decisions
📈 A simple example:
If you are analyzing the BTC (Bitcoin) currency and find that it has touched strong support at 58000$ and a bullish reversal candle has appeared, this gives a good entry opportunity aimed at a rebound.
This can also be applied to currencies like ETH – SOL – ADA – BNB with the same principles, considering the different movements of each currency. If you liked this post, please like and follow so we can continue 🙂
