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.

TA is 🔑 for spotting trends! I'm all in on those tools. 📈💪

Yes, technical analysis tools are essential for understanding market trends and making informed trading decisions. They provide valuable insights into price movements and help identify potential entry and exit points. It's important to combine technical analysis with other forms of analysis for a comprehensive view of the market.