Technical Analysis of Digital Currencies and the Most Important Indicators for Trading
DOI:
https://doi.org/10.25007/ajnu.v11n4a1481Keywords:
Cryptocurrency, Trends, Indicator Trades, Data Analysis, Digital MarketingAbstract
Technical analysis studies chart patterns, using indicators based on past price action data to predict future trends. Technical analysis involves mathematical calculations based on an asset’s price or volume, with the results used to predict future prices and can indicate a market trend or warnings that the trend is about to reverse. No single indicator will detect a market reversal or confirm a market trend. The best strategy is to use a combination of indicators, or better, choose only a few of the available tools and combine them without too much chart cluttering, which might lead to more confusion than clarity. The tools are available, and traders will personalize their experience choosing the ones that better fit their trading style. No specific indicators will offer better results than others; it’s mainly down to whether the trader feels more comfortable using one indicator over another. This article will cover some of the most popular and utilized crypto research and investment tools available in the crypto space. However, this is by no means an exhaustive guide of resources available. With more experience, a trader can keep learning and understand the countless possibilities of other technical analysis tools.
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