Two of the most common terms you’ll hear when analysts talk about crypto prices are support and resistance. Here’s what they mean and how they can inform trades.

Combining with Indicators. RSI (Relative Strength Index): Confirms overbought/oversold conditions. MACD: Identifies trend shifts near key levels.; Candlestick Patterns: Engulfing patterns or pin bars ...

Support 3 = Pivot Point – (Resistance 2 – Support 2) A man walks in front of a Bitcoin trading graph in a window of a cryptocurrency exchange office in Istanbul, Turkey.

In trading, there are similar barriers that limit the movement of price action known as support and resistance. Such barriers in trading can have long-lasting effects on an asset, since price ...