Many read my technical analysis posts but don't always understand the terms being used - so let's cover many I use and even some I don't so that everyone can understand what all the techno babble is about.
Shows the open, close, high and low price for a given time period. The body of the candle represent the difference in open and closing price, while the upper and lower wicks mark the high and low for the period.
A price area that represents price stopping or reversing two or more times.
A chart pattern where higher lows are being made while price fails to make new highs.
A chart pattern where lower highs are being made but price does not make new low prices.
The average closing price of a coin over a specified period of time.
A term referring one's attempt to buy the bottom of an asset that is consistently falling in price.
Those are just a handful of the commonly used terms in technical analysis posts. There are plenty more, but these basics will get you started.
Advanced indicators like bollinger bands, fibanocci levels and RSI are all defined from price and moving average data so understanding the basics is the key.
You can watch videos I made on:
Posted Using LeoFinance Beta