Analysis of market trends in cryptocurrency: Guide to identify reversal and sequel
The world of cryptocurrencies has seen extraordinary growth and volatility in recent years. With the increase in decentralized finances (Defi), initial coin offers (ICOs) and Altcoin, the country is becoming increasingly complex. However, the market trend analysis is decisive for investors, traders and passionate to acquire the knowledge of purchasing, sales or possession of a cryptocurrency.
In this article, we deepen the world of the crypto market with a focus on identifying the reversal and sequel models. By understanding these formulas, you can get valuable information on potential prices and take more information.
What are the reversal models?
The reversal models apply to specific prices that signal the modification of the direction of trends. These patterns can be identified using various technical indicators and diagrams. Reversion models include:
* Titles : reversal occurs when the price breaks or below a significant level of resistance, indicating a potential rising or descending movement.
* TAILS : Instead, reversal will also occur when the price breaks below a significant level of support, indicating an immediate decline.
* Fibonacci Rading : Fibonacci retraction model is identified by location of 23.6% and 38.2% Fibonacci levels. If these levels are outdated or broken, this may indicate a reversal.
What are the sequel models?
The sequel models concern prices that strengthen the established direction of the trend. These models are often used as indicators for continuous growth or market decline.
* Momentum : The continuous model is identified when the price continues to move in the same direction, thereby keeping the pulse.
* Key levels : If a significant level of support or resistance is exceeded, this may indicate a continuation of the trend.
* Golden Cross : The Golden Cross takes place when it has a short -term movement of the long -term mobile average, suggesting that the market has created a potential reversal.
Types of models to be followed
In addition to the conversion and sequel models, there are several other types of models that pay attention to:
* Bullish models
: These include head and tails, fibonacci selections and gold crosses.
* Models of bears : Models of reversal such as the Cross of Death, Hammer and Rifle Star.
* Average reversal models : This includes identification of excessive conditions or market supervision and waiting for repair.
Graph analysis
The chart analysis is crucial in finding a conversion and sequel models. Here are a few key aspects that need to be considered:
* Time frames : Analyze charts using different time intervals such as 1 hour, 4 hours and daily charts.
* The level of support and resistance : Identify significant levels of support and resistance that may affect prices movements.
* Movement media
: Use a mobile environment to determine the direction and pulse of the tendency.
Analysis Tools
Use the following tools to analyze the market trends:
* Technical indicators : Use indicators such as RSI, MACD and BLELinger.
* Scheme models : Identify diagram models such as head and tails, fibonacci and gold cross cancellation.
* The level of support and resistance : Use level 2 graphs and levels 1 to identify significant levels of support and resistance.
Conclusion
Analysis of market trends in cryptocurrenia requires a combination of technical analysis, basic survey and market feeling. By identifying the reversal and continuation models using various tools and techniques, you can get valuable information on potential prices movements and make more informed investment decisions.
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