Technical analysis /How to do technical analysis / Price action analysis /Chart patterns /Indicators /Candlestick analysis
Technical analysis
In finance technical analysis technique of Predicting the price action of the market through the study of past market data primary data and current price action in this way with the help of technical analysis we can predict the next moment in the market
Technical analysis tells us about the moment of the market Weather it goes up or down
Technical analysis in the Crypto market
In the Crypto market, we can use technical analysis to analyze the price moment of different coins and then we trade in this coin after analyzing the concurrency with the help of technical analysis
How to do technical analysis
We do technical analysis with the help of
Price action analysis
Chart patterns
Indicators
Candlestick analysis
Price action analysis
in price action analysis we can draw support and resistance From the price
The upper Red line is Resistance which is also called the supply zone here is the selling point where all the Asset holders sell the Asset
The lower red line is the support which is also called the demand zone here is the buying point where all the people buy the asset
Chart patterns
Chart patterns are the patterns when they form on the asset chart the asset move according to these patterns and we can trade the asset according to the chart patterns
There are many different kinds of chart patterns we can discuss later but the example is
Indicators
Indicators are tools that can indicate the moment of price direction there are different types of indicators that we use
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Candlestick is a Japanese candle which is shown in the chart
there are different types of candleStick structures that can indicate different price moments and we can also trade according to them
Candlestick analysis means that analyze the market according to the structure of candlesticks
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