Support and Resistance
Support and resistance levels in cryptocurrency trading are the foundation of any useful interpretation of the market behavior over time. Support and resistance levels can be used to evaluate the past market price movement, determines the likelihood of the present market price movement and predict the future price movement.
Any cryptocurrency trader who is not prepared to learn price action using support and resistance level is still dreaming of achieving success in the market. It’s a must for every serious-minded trader to understand the concept of support and resistance level in cryptocurrency trading.
Before we dive into the topic properly let take look at the different types of chart we have in cryptocurrency market.