crypto

What is technical analysis?

Technical analysis is the study of data on how price changes based on market activity. On the chart you can see the levels of supply and demand and track investor sentiment. Technical analysis tools help predict where the price will move next.

Do you use technical analysis tools?

Simply put, knowing technical analysis, you will not be able to answer the question “why did the price change?” But you will get an idea of ​​the direction in which it may change in the near future. Technical analysis is necessary, first of all, for traders, since the asset itself is not important to them; they make money from price fluctuations. Investors also use this method: for example, to identify trends, find entry points, etc.

Yes, technical analysis is a valuable tool for predicting price movements. It provides insights into market trends and investor behavior. I find it useful in making informed trading decisions.