The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task.
Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of the trend and providing warnings when the trend is about to reverse. There are many indicators and patterns that can accomplish this task but there is no one particular indicator that fits the bill for all market conditions.Therefore, traders prefer to use a combination of indicators, which come in handy both during trending and range-bound markets. However, this does not mean the trader should clutter every chart with all the available indicators. In some cases, using too many indicators will only hamper the decision-making process and create confusion rather than assist the trader.As traders develop their chart reading
Źródło: https://cointelegraph.com/news/here-are-2-key-price-indicators-every-crypto-trader-should-know
