Technical Analysis for Traders: Brief and Clear

Do you want to understand the price chart instead of just pressing the “buy” button? Here’s what you need to know:

Key indicators that really work

RSI - indicates whether a coin is oversold or overbought. If the value is around 70, a correction is possible. Below 30 - entry point.

MACD — catches trend changes earlier than the same. When the lines cross, something interesting may happen.

Moving averages smooth out the “noise” on the chart. If the price is above MA(200), demand prevails. Simpler and more effective than it seems.

Graphic patterns to notice

Triangles - the market is accumulating energy before a breakout. There may be a reversal or a continuation of the trend.

Head and Shoulders is a classic reversal signal. If you see this, prepare for a trend change.

Double tops/bottoms — levels of resistance/support where the market has encountered and reversed several times.

How not to drool at the very first candle

✓ Don't take a signal from one indicator — wait for confirmation from several.

✓ Adjust the parameters for a specific coin and time frame, do not copy others'.

✓ Paper trading at first — gain experience without risk

Technology is not magic, but a discipline. The more you practice, the fewer mistakes you make.