Pritti

@meldonium

286 Following

151 Followers

Pritti pfp

Great. Show us this

0 reply

0 recast

0 reaction

Pritti pfp

3. Based on the analysis of historical data, it is possible to predict the dynamics of price changes, since the behavior patterns of market players can be repeated.

0 reply

0 recast

0 reaction

Pritti pfp

2. Individual price changes may be random, but their combination over a period of time can create a trend—the direction in which the market will move for some time. If down, then the trend is downward, if up, then the trend is up.

1 reply

0 recast

0 reaction

Pritti pfp

1. Any factor that can affect the price: psychological, economic or political, has already been taken into account by the market and included in it. Therefore, to make a forecast, you need to concentrate on the price chart.

1 reply

0 recast

0 reaction

Pritti pfp

Three Pillars of Technical Analysis 1. The price takes everything into account. 2. Price movements are subject to tendencies (trends). 3. History repeats itself.

5 replies

3 recasts

8 reactions

Pritti pfp

0 reply

0 recast

1 reaction

Pritti pfp

0 reply

0 recast

0 reaction

Pritti pfp

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.

0 reply

0 recast

0 reaction

Pritti pfp

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?

4 replies

3 recasts

6 reactions

Pritti pfp

0 reply

0 recast

0 reaction

Pritti pfp

After a long rest, I started my favorite part of my daily life again - studying. Now I’m studying technical analysis.

3 replies

1 recast

8 reactions

Pritti pfp

I just got my Basename as part of Onchain Summer! 😎 Basenames are ENS names supercharged by @base: low-cost (or free!), easy to use, and a powerful tool for connecting builders across the onchain economy. Get yours today.

2 replies

1 recast

6 reactions

Pritti pfp

I didn’t do anything this week. Because I need to rest too 😊

0 reply

1 recast

7 reactions