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