Articles ยป price trends

price trends

Using the Relative Strength Index (RSI) to identify trend strength

In this article, we will discuss what the RSI is, how it works, and how it can be used to identify trend strength in the crypto market. What is the Relative Strength Index? The Relative Strength Index (RSI) is a technical indicator that was developed by J. Welles Wilder Jr. in the late 1970s. The RSI is a momentum oscillator that measures the speed and change of price movements. The… Read More »Using the Relative Strength Index (RSI) to identify trend strength

The importance of support and resistance levels in trading

In this article, we will explore the importance of support and resistance levels in trading and how they can be used by crypto day traders to improve their profitability. What are Support and Resistance Levels? Support and resistance levels are price levels on a chart where the price of an asset tends to stop, reverse or consolidate. Support levels are price levels where demand for an asset is strong enough… Read More »The importance of support and resistance levels in trading