#Educational
How to draw trend line ?
A trendline is a charting tool used to determine the market's direction by connecting prices using support or resistance. A trendline can also be seen as a straight line that joins two lower highs or higher highs.
Drawing trend lines comes with a few rules
A trendline should connect a minimum of 2 swing tops or bottoms, more touches means it’s stronger.
A trendline should not cut through a candle or candles.
A trendline can only be based on closed the candle .
To draw an uptrend line, you start with a swing low on the left-hand side of the chart and connect it to a higher swing low.
To draw a downtrend line, you begin with a swing high on the Lefthand side of the chart and connect it to a lower swing high.
Trend following is a trading strategy that buys when the price is rising and sells short when the price is falling.
How to draw trend line ?
A trendline is a charting tool used to determine the market's direction by connecting prices using support or resistance. A trendline can also be seen as a straight line that joins two lower highs or higher highs.
Drawing trend lines comes with a few rules
A trendline should connect a minimum of 2 swing tops or bottoms, more touches means it’s stronger.
A trendline should not cut through a candle or candles.
A trendline can only be based on closed the candle .
To draw an uptrend line, you start with a swing low on the left-hand side of the chart and connect it to a higher swing low.
To draw a downtrend line, you begin with a swing high on the Lefthand side of the chart and connect it to a lower swing high.
Trend following is a trading strategy that buys when the price is rising and sells short when the price is falling.
#RNDR has formed a Double Top pattern and after breaking the support, as expected from the price reaction to the formation of the specified pattern, the price will probably reach $0.800 for the specified period.
#EOS moves in an ascending channel, which after reaching the ceiling of the channel, it could not pass and started to descend, probably it will continue to descend until the bottom of the channel.
#SNX is now at the top of a channel. At first, wait for it to break the dynamic support and then you can enter a short position
#Educational
Horizontal Lines
In technical analysis, a horizontal line is often drawn on a price chart to highlight areas of support or resistance.
The horizontal line is drawn by connecting similar swing lows in price to create a horizontal support line. For a horizontal resistance line, similar swing highs are connected.
The Difference Between a Horizontal Line and a Trendline
Both these terms could refer to the same thing: drawn lines on a chart. While a horizontal line is specifically horizontal, a trendline is typically angled and drawn along rising swing lows during a price uptrend or drawn along dropping swing highs during a downtrend.
A horizontal line is not an actual barrier for price. It is a technical tool which may help traders determine whether they should be more bearish or bullish.
Where a horizontal line is drawn is subjective. Not all traders may place the horizontal line at the same price.
Horizontal Lines
In technical analysis, a horizontal line is often drawn on a price chart to highlight areas of support or resistance.
The horizontal line is drawn by connecting similar swing lows in price to create a horizontal support line. For a horizontal resistance line, similar swing highs are connected.
The Difference Between a Horizontal Line and a Trendline
Both these terms could refer to the same thing: drawn lines on a chart. While a horizontal line is specifically horizontal, a trendline is typically angled and drawn along rising swing lows during a price uptrend or drawn along dropping swing highs during a downtrend.
A horizontal line is not an actual barrier for price. It is a technical tool which may help traders determine whether they should be more bearish or bullish.
Where a horizontal line is drawn is subjective. Not all traders may place the horizontal line at the same price.
#Bybit launches its virtual debit Mastercard
Users will be able to pay for purchases using the cryptocurrency on the exchange account. The physical card is scheduled to be released in April.
Users will be able to pay for purchases using the cryptocurrency on the exchange account. The physical card is scheduled to be released in April.
#OP reached the bottom of the channel and was able to break the channel, and now it is pulling back, it is likely to have another step down to reach the support of $1,780-$1,950.
#IMX is placed between support and resistance, and now after reaching resistance and negative divergence, we expect it to descend towards the main support of $0.930 - $0.910 after breaking the dynamic support.
#MakerDAO is reviewing a proposal to extend its existing US treasury bond investments from $500 million to $1.25 billion.
#Solana has lost important support and is likely to continue to decline until the next support, which is $15.30.
#AXS is in the $7.90-$8.30 support zone, and there is no sign of strength yet . Don’t rush for new longs and wait for more confirmations.
#LDO price has reached the bottom of the channel, and if it can break the dynamic resistance, it will probably grow back to the top of the channel. But it is important to follow the trend and see if the failure is done correctly and if the price has the ability to grow to the top of the channel after the resistance is broken .
#IMX dropped to support after breaking dynamic support. According to the market trend, we expect the price to continue down to $0.730.
Technical CRYPTO Analyst
#SNX is now at the top of a channel. At first, wait for it to break the dynamic support and then you can enter a short position
#SNX
If you enter a short position according to the previous analysis, I suggest you take some of your profit and you can hold the short position until the price reaches the support of $2,180.
If you enter a short position according to the previous analysis, I suggest you take some of your profit and you can hold the short position until the price reaches the support of $2,180.