17 Feb Price Action Strategies: A Guide For Trading Ethereum Classic (ETC)
Cryptocurrency price strategies: Ethereum Classic Trade Guide (etc.)
The world of cryptocurrency trading has become more and more popular in recent years, and many investors try to use a rapidly growing market. One of the key aspects of successful trade is to understand how to read and analyze the price in cryptocurrencies such as Ethereum Classic (etc.). In this article, we will investigate various price strategies in the field of trade, etc., providing traders with a comprehensive guide to start.
What is a price campaign?
The price applies to the visual representation of market data, including price movements, trends and patterns. It provides traders with a unique perspective of the cryptocurrency market, which allows them to identify potential purchase or sale opportunities. Analyzing the price campaign, traders can get insight into market moods, invert the indicator trends and make more conscious commercial decisions.
price strategies for etc trading
- Trend after : This strategy includes the identification of a strong trend at the price and compliance with it. Traders are looking for signs that suggest that stubborn or bear will probably be continued, for example:
* Hill of rises
* Falling minima
* Increasing variability
- Pattern for a breakthrough : a breakthrough patterns include the price, etc. breaking above or below a significant level of resistance or level of support. Traders are looking for patterns that suggest potential breakthroughs, such as:
* A growing price gap between two consecutive peaks or corrections
* Commercial range narrowing with the increase in variability
- Medium Reverse : This strategy includes the identification of the market trend and betting on its reversal. Traders are looking for signs that the market is to be in line with correction, for example:
* A significant decrease in the price compared to previous or low previous ones
* Price rush decrease (e.g. growing MacD line)
- Traders use it to identify potential purchase or sale, looking for:
* Upper and lower cloud lines that represent a 9-section moving average and 26-speed EMA
* TENKAN-SEN line, which represents a short-term movable average
- Strategies based on the volume : Strategies based on the volume include the analysis of trading volume to identify potential purchase or sale. Traders are looking for:
* Increased trade activity near the levels of support or resistance
* Reducing commercial activity near the reversal of trends
Popular price indicators
- A value above 70 suggests overcrowded conditions, while the value below 30 indicates the conditions sold out.
- MacD (discrepancy with movable convergence) : MacD is used to identify the reverse of trends by comparing the difference between two movable average (12-speed and 26-speed). When the MacD line is cut above or below the signal line, it may indicate a potential reversal of the trend.
- Bollinger bands : Bollinger bands represent variability using three standard deviations around 20-seized average movable. Traders use them to identify potential purchase or sale, looking for:
* Increased variability near support or resistance levels
* Reduction of variability near the reversal of trends
Tips and tips
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- Be patient : Price trading includes patience and discipline.
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