A trend denotes a general direction in which the price of a digital asset or the broader market is moving over a specific period. Identifying trends, whether upward (bullish), downward (bearish), or sideways, is a fundamental aspect of market analysis. These patterns provide context for evaluating investment opportunities and risks.
Context
Discussions about ‘trends’ in the cryptocurrency space frequently involve technical analysis of price charts, charting indicators, and volume data to discern prevailing market sentiments. Monitoring short-term and long-term trends is essential for traders and investors seeking to align their strategies with market dynamics.
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