Breakout of $500 will lead to mini #DEFI season ๐ฅ
Good time to accumulate #DEFI coins ๐๐
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Trendline Trading Strategy
What is a trendline trading strategy?
In technical analysis of financial markets, a trendline is a diagonal line drawn through a chart to show the trend in price. The slope of the trendline shows the direction of the trend: if the line has an upward slope, the trend is up (an uptrend), and if the line has a downward slope, there is a downtrend. When the slope is flat, the trend is horizontal, and in that case, we say that the market is moving sideways or is range-bound.
As you know, the price moves in swings, creating swing highs and swing lows. When the price is rising, it creates a series of higher swing lows and higher swing highs. Likewise, when the price is declining, it creates a series of lower swing highs and lower swing lows. An up-trendline is drawn across the rising swing lows, while a down-trendline is drawn across the descending swing highs. In a range-bound market, the line is drawn across both the swing highs and swing lows to delineate the boundaries of the range.
Keep an eye on it ๐
Trendline Trading Strategy
What is a trendline trading strategy?
In technical analysis of financial markets, a trendline is a diagonal line drawn through a chart to show the trend in price. The slope of the trendline shows the direction of the trend: if the line has an upward slope, the trend is up (an uptrend), and if the line has a downward slope, there is a downtrend. When the slope is flat, the trend is horizontal, and in that case, we say that the market is moving sideways or is range-bound.
As you know, the price moves in swings, creating swing highs and swing lows. When the price is rising, it creates a series of higher swing lows and higher swing highs. Likewise, when the price is declining, it creates a series of lower swing highs and lower swing lows. An up-trendline is drawn across the rising swing lows, while a down-trendline is drawn across the descending swing highs. In a range-bound market, the line is drawn across both the swing highs and swing lows to delineate the boundaries of the range.
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