Happy Friday, Cryptocademy!
I thought it would be fun to talk about how I draw support and resistance levels today. After all, it’s the cornerstone of technical analysis.
If you can accurately determine where the market is likely to reverse, you’ll be one step ahead of the competition.
We’ll focus on horizontal levels today, and I’ll dedicate another issue to trend lines. I’ll also provide updates on BTC, ETH, DOGE, LINK, and VET. Chainlink, in particular, could be setting up for an opportunity.
It’s difficult to write about how to draw support and resistance levels, so I’ve included the majority of today’s lesson in the video.
However, I want to include a few quick bullet points to keep in mind when you’re drawing levels.
Here they are:
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