Cryptocurrency price action strategies: an Ethereum Classic trading guide (etc.)
The world of cryptocurrency trade has increased in recent years, with many investors trying to capitalize on the market rapidly. A key aspect of successful trading is to understand how to read and analyze the action of cryptocurrency prices such as Ethereum Classic (etc.). In this article, we
** What is the action of the price?
Data, including price movements, trends and models. The cryptocurrency market, allowing them to identify potential purchase or sale opportunities. Analyzing the action of prices, traders can trigger insights on the feeling of the market, evaluate the trendy reversals and make more informed trading decisions.
PRICE Action STRATES FOR TRADING ETC.
- Trend that follows
: the traders seek signs that suck a bullish or bearish trend that will continue, such as:
* High tall
* Bass that falls
* Increase volatility
- Traders are looking for patterns that suck potential breakout, such as:
* An increase in the price gap between two peaks or Trogoli
* A narrowing trading interval with increased volatility
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* A significant drop in the price compared to the previous or low
* A decrease in the moment of price (for example, increasing the Macd line)
- Traders use it to identify potential purchase or sale opportunities looking for:
* The upper and lower lines of the cloud, which represent the mobile average at 9 periods and the EMA of 26 periods
* The Tenkan-Sen line, which represents the short-term mobile average
. The traders are looking for:
* Increased trading activity near support or resistance levels
* Decreasing trading activities near the trendy inversions
Popular price action indicators
. A value greater than 70 suggests overload conditions, while a value of less than 30 indicates the conditions of hyper -time.
- Macd (divergence of mobile media convergence) : when the Macd line crosses above or under the signal line, it can indicate a potential reversal to the trend.
- Traders use them to identify potential purchase or sale opportunities looking for:
* Increased volatility near support or resistance levels
* Decrease in volatility near the trendy inversions
Tips and tricks
- Practice with a demo account :
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- Be patient : the trading of actions prices involves patience and discipline.