I’ve been trying to brush up on my TA skills and came across this video last night. It covers the basics of TA or Technical analysis. Using RSI, MACD, watching trade volume, looking for entries & exits in the trade.
The guy in the video does mention his paid group. I’m not a huge believer in paid groups. If your joining a paid group to learn from more advanced traders, or further your knowledge of trading, that might not be a bad idea. Although you can find the same info on Youtube or reading a decent article on investopedia. However, if you’re only joining a paid group to receive buying signals, or follow someone else’s trades, I think that’s a bad idea. I’ll post more about my thoughts on paid groups in future posts.
For now, thought this basic introduction to technical analysis was worth sharing.
Ethereum Classic live trading begins at 5:00 PT today on Coinbase, one of the largest U.S. cryptocurrency exchanges. Trade volume has already risen on the news with lots of market volatility over the last week or so. I’ll be watching this one carefully throughout the day. Things should really start heating up around 5 PT when trading goes live!
I think we could expect a decent price rise through out the day. I’m expecting resistance around $14.50 USD, $15.25, & $17.30. If we breakthrough resistance at around $21.25 we could see a push to around the $30.00 USD range although with the current market sentiment, I’m cautious.
Analysis posted strictly as entertainment. Not meant to be construed as investment advice. Seek a duly licensed professional for financial advice, not some guy on the internets who calls himself The Dood.