Price waves in digital currencies
It expresses the movement of prices over specific time periods, and it follows certain patterns that can be analysed. Bullish waves form when prices rise continuously, while bearish waves form when prices fall continuously. Sideways waves occur when prices fluctuate around a certain level without a clear direction. Traders can analyze these waves using a variety of tools and techniques to identify potential trends and make investment decisions based on their expectations of market movement.
Traders analyze these waves using tools such as Elliott Wave Analysis, Moving Averages, and RSIs to identify potential price trends and make decisions based on that.
