!!️Before you buy any digital currency
Pay attention to 3 very easy#indicatorsthat can encourage you to make a decision, or protect you from a wrong decision 🫡
You do not need experience in technical analysis ✅ Read 3 minutes and apply in just a minute 🌹 Let’s get started
1️⃣ ADX - Average Directional Index
It is simply an indicator of whether the currency is close to moving, whether up or down? Or the currency is currently dormant and no movement is expected soon
If the indicator is more than 40, it means there is a strong trend and movement, whether up or down
Less than 20 means the trend is somewhat weak or there is no trend2️⃣ RSI - Relative Strength Index
It gives you an impression of the currency if it is in buy or sell areas
This is based on an estimate if the currency was sold too much or bought too much
An easy and important indicator ✅
3️⃣ OBV - On-Balance Volume
It is an indicator to calculate the positive or negative impact of trading volume or volume. Its rise means there is liquidity that can enter and raise the price.
Its decrease means selling pressure with insufficient liquidity available to raise the price
If the price is rising and the indicator is falling, this means that the rise is not supported by sufficient volume and may not continue
Fundamental analysis is the study of the history of a currency and predicting its future based on it
Therefore, its success rate is not 100% due to other factors
These indicators are easy to read, but they are not 100% accurate, and keeping them in mind while studying the market situation can help you make a better #decision.
Good luck, Lord ❤️