#cryto #TechnicalAnalys

(Definition of technical analysis)

Technical analysis is a method of evaluating securities by analyzing statistical patterns and trends in their price movements and other market-related data, such as trading volumes and open interest. It aims to identify patterns and trends to predict future price movements, providing insights for informed investment decisions. Technical analysts use various tools and techniques, including charts, indicators, and oscillators, to identify trends, support and resistance levels, and potential buy or sell signals. By applying these techniques, investors and traders can gain a better understanding of market dynamics and make more informed investment decisions.