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Technical Indicators: A comprehensive view 👀👌
📌 What are the technical indicators ‼️
Technical indicators are analytical tools based on mathematical equations relying on price movement data.
✅ These indicators provide comprehensive insights into price performance, helping traders make informed decisions about entering or exiting trades, as well as determining when to buy or sell.
⭕️ Types of technical indicators:
✅ Trend Indicator:
Shows the general direction of price movement, and is considered one of the most important indicators used in technical analysis.
✅ Momentum Indicator:
It measures the strength or weakness of the current price movement compared to previous periods, helping to identify trend reversal zones.
✅ Oscillation Index:
⚪️ Used to identify buying and selling saturation zones, helping traders make effective decisions.
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#BTC #ETH