As a resource in candlestick trending, we can apply the Fibonacci extension for upward price projection or Fibonacci retracement for downward projection. Each support may provide strong resilience and, therefore a potential trend reversal.
Today let’s take the next step in determining more sophisticated patterns that will indicate a bullish or a bearish signal to traders. Namely, triangle, wedge, flag, and head & shoulders patterns.
The cryptocurrency market can be a hard one to gauge, especially if you are a newbie trader. You must have seen all these fancy price charts and crypto trading strategies that barely make any sense. What’s with all the lines! What’s with all the curves? What is RSI? Whether old-school traders want to admit it […]