In this episode of CryptoCred’s educational series, he discusses the basics of horizontal support and resistance.
– Key S/R Principles
– High Probability S/R Structures
– How to Trade Different Types of Retests
– Time Frame Analysis
About Support and Resistance
The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. At first, the explanation and idea behind identifying these levels seem easy, but as you’ll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears.
Taken from Investopedia
CryptoCred is a technical trader, analyst and educator within the Crypto Community. His free educational content delivered across multiple platforms has seen him gain an impressive audience over the last couple of years.
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