Taking Advantage of Trends in Crypto Trading
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There exists two kinds of trendlines when it comes to trading analysis: the support trendline, and the resistance trendline, also called the pressure trendline. Trendlines are very commonly used indicators by traders. A trendline consists of an average direction of all the up and down fluctuations that occur in a period of time. Different periods of times would then give different resistance and support trendlines, it is thus important to remember that trendlines can be used to predict long term moves but that they require a lot of patience to trade on.
Support Trendline
The support trend line is composed of several support positions (high points), and a support trend line can be drawn by two or more support positions. It is common for buyers to buy in to a stock at support levels.