Hello future billionaires. Today I will guide you to read and analyze charts based on my own experience (for beginners).
Popular technical indicators
Moving Averages (MA): Moving average, helps smooth price fluctuations. There are two main types:
Simple Moving Average (SMA): Average of prices over a certain period of time.
Exponential Moving Average (EMA): Places greater weight on the most recent values.
Relative Strength Index (RSI): Indicator that measures the speed and change of price movements. RSI above 70 shows that the asset may be overbought, below 30 shows that the asset may be oversold.
MACD (Moving Average Convergence Divergence): Indicator that measures the relationship between two EMA lines, helping to determine buy or sell signals.
Bollinger Bands: Bands surrounding the price, helping to determine the level of price fluctuations. When the price hits the upper band, the asset may be overbought; When it hits the lower band, the asset may be oversold.
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Popular Technical Indicators
Moving Averages (MA): Moving averages help smooth out price fluctuations. There are two main types:
Simple Moving Average (SMA): The average price over a specific period.
Exponential Moving Average (EMA): Places more weight on recent prices.
Relative Strength Index (RSI): An indicator measuring the speed and change of price movements. An RSI above 70 indicates the asset might be overbought, while below 30 suggests it might be oversold.
MACD (Moving Average Convergence Divergence): An indicator measuring the relationship between two EMAs, helping identify buy or sell signals.
Bollinger Bands: Bands that surround the price, helping determine the volatility. When the price hits the upper band, the asset might be overbought; when it hits the lower band, it might be oversold.