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Issue 65 – How to Draw Support and Resistance Levels

September 3, 2021


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.

Let’s start!

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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Justin T Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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