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## technical analysis
<br>
### tl; dr
* uses trading data to analyse and predict price patterns
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### candlestick charts
<br>
* data rich trading analysis
* time and price details
* traders use candlestick chat patterns to antecipate the future
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</p>
<br>
##### hammer pattern
* bullish pattern
* sellers drove price lower during the day
* buyers came in and the price finished higher
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##### shooting star pattern
* bearish pattern
* buyers drove price high
* sellers won and price fell lower
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##### bullish engulfing pattern
* bullish pattern
* bullish candlestick "engulfed" the bearish candlestick
* represents a strong reversal in the price action
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##### bearish engulfing pattern
* bearish pattern
* bearish candlestick engulfed the bullish candlestick
* represents a string reversal in the price action
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### chart patterns
<br>
* used in conjuction with candlestick charts
* longer-term analysis of market movements
* bullish and bearish patterns
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* dont tell about longer term trends
##### double top
* bearish pattern
* buyers tried wtice to push price higher
* buyers unable to push price higher
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##### double bottom
<br>
* bullish pattern
* sellers came in twice
* price found support of buyers twice
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### trends
<br>
* we can't trade from patterns all the time, they are quite rare
* trends patterns will guide us more often
* patterns can be housed within trends
* if we can find the trend, we can ride the trend for profit
<br>
##### asceding wedge - higher lows
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<p align="center">
<img src="https://user-images.githubusercontent.com/1130416/172072540-324afc3d-0b31-4ffd-ab4f-96a829d244bf.png" width="40%" align="center" style="padding:1px;border:1px solid black;" >
</p>
<br>
##### desceding wedge - lower highs
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### how to trade with trends
<br>
1. Identify the market trends
2. Ask where are the main areas of trade
- where is support and resistance?
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### resources
<br>
* [tradingview](https://www.tradingview.com/)
* [tokenmetrics](https://tokenmetrics.com/)