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Update technical-analysis.md
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* vice versa for a downtrend
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* vice versa for a downtrend
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### How to trade with trends
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1. Identify the market trends
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2. ask where are the main areas of trade
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3. where is support and resistance?
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4. any chart pattern?
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5. make your entry based on the daily trade action
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6. is the candlestick telling us that the trade will go in the direction of our trade?
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7. is the trade bullish or bearish based of candlestick patterns?
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### Moving averages
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### Moving averages
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* SMA: arithmetic mean of prices over a given time period
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* SMA: arithmetic mean of prices over a given time period
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* can be used to set our stop loss and give the trade some breathing room
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* can be used to set our stop loss and give the trade some breathing room
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----
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## How to trade with trends
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1. Identify the market trends
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2. Ask where are the main areas of trade
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- where is support and resistance?
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- any chart pattern?
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3. Make your entry based on the daily trade action
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- is the candlestick telling us that the trade will go in the direction of our trade?
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- is the trade bullish or bearish based of candlestick patterns?
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### Trading tools:
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* [Tradingview](https://www.tradingview.com/)
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* [Tokenmetrics](https://tokenmetrics.com/)
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