Technicals, in financial markets, refer to the analysis of past market data, primarily price and volume, to forecast future price movements. This approach utilizes charts, indicators, and patterns to identify trends and predict potential turning points. It contrasts with fundamental analysis, which focuses on intrinsic value.
Context
In cryptocurrency trading, technicals are widely employed by traders to analyze digital asset price charts and identify trading opportunities. News reports and market commentaries frequently reference specific technical indicators or chart patterns when discussing potential price action for Bitcoin, Ethereum, and other cryptocurrencies. Understanding technical analysis is a key skill for active participants in the digital asset markets.
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