Technical analysis strategies for old coins: A guide for Ethereum (Eth) dealer

The world of cryptocurrency has become increasingly popular in recent years because new coins and tokens have appeared every day. While many dealers focus on Bitcoin (BTC), Ethereum (ETH) has proven to be a solid choice for investors who are looking for Altcoin returns. In this article we will examine some technical analysis strategies that ETH dealers can help to make well -founded decisions and increase their chances of success.

Understand technical analysis

Before you immerse yourself in the specific strategies for ETH, it is important to understand what technical analyzes are. The technical analysis includes the examination of diagrams and patterns on a cryptocurrency exchange or a platform to predict future price movements. This method is based on historical data, trends and patterns with which well -founded investment decisions can be made.

Key features of cryptocurrency diagrams

Cryptocurrency diagrams are essential for technical analysis strategies in the cryptor room. The most common types of diagrams are:

• Trendlines : These are horizontal or vertical lines drawn in a diagram to display the direction of the price movement.

• Support and resistance level : These represent areas in which the price tends to jump back or fall, which indicates potential support or level of resistance.

• Candlestick pattern : These patterns such as hammer or shooting windows can display trends, reversations or areas.

• Stangeln and channels : These are technical indicators that help identify trends and reversations.

Strategies for ETH dealers

• Trend with movable average values ​​(MA) : Use a 50-pro period to determine the short-term trend and a MA of 200 periods to determine the long-term trend. If the short -term MA crosses over the long -term MA, it is a bullish signal.

• Breakout strategies : Identify potential support and levels of resistance and then search for a breakout over or among you. Use candlestick patterns such as hammer or shooting star to confirm the outbursts.

• Area trade with channels

  

  : identify channels in your diagrams and use them as support and resistance level. When the price breaks out of the channel, it is a bullish signal.

• Medium reversal strategies : Look for coins that consistently acted above or below their middle price. If a coin has been traded over a long period of time over its middle price, it may be due to a correction.

• Bollinger ligaments (BB)

  : Use BB to identify volatility and range-bound prices. If the price breaks out of the upper or lower band, it is a bullish signal.

Additional strategies

• Ichoku Cloud : This Japanese candlelicer indicator identifies trends, support and resistance as well as other important technical indicators.

• Relative strength index (RSI) : Use RSI to measure overbought and overbought conditions, which indicates potential prices.

• Keltner channels : These channels determine the volatility and range.

Diploma

The technical analysis is a powerful instrument for ETH dealers who want to increase their chances of success on the Altcoin market. By mastery different strategies such as the trend with MA, breakout strategies, reach with channels, medium reversing strategies and additional techniques such as Ichimoku Cloud and Bollinger bands, ETH dealers can make sound decisions and increase their profit potential.

Important notes

• Note that technical analysis is not a guarantee of success and no strategy can guarantee the return.

• You always bake your strategies for historical data before implementing them in living markets .

• Stay up to date with market news, trends and analyzes to refine your trade approach .

By including these technical analysis strategies in their trading plans, ETH dealers can improve their chances of success and increase their prosperity.

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