@markaway77
I'd always recommend starting with the charting basics - things like support/resistance, trend lines and market structure. Understanding what these are, how & why price behaves the way it does within these constructs gives a good foundation for charting and technical analysis.
I'd probably then move onto chart set ups and patterns (e.g. cup & handle, bullish pennant etc). Predictions through charting & TA (Technical Analysis) will never be 100% accurate, but you will see that these set ups and patterns do play out a lot, meaning you'll be able to identify potential opportunities purely based on a chart.
Then there are indicators. There are a ton of indicators out there, so before you start thinking of which indicators to use I suggest thinking of what information do you want to get out of your TA. Is it trend analysis? Then maybe look into moving averages. Is it momentum & sentiment? Then maybe the MACD or Stochastic might be suitable. Are you looking for buy or sell signals? Maybe use a combination of MACD and the price bouncing off a moving average as support, or the price has touched the lower Bollinger Band.
There's a million ways to skin a cat with charting and Technical Analysis, and everyone has their own trading/investing style. You'll need to find what kind of charting or technical analysis will fit your style or needs. Google, Youtube & books are your friends.
The reason we do due diligence, of any kind, in trading/investing is to increase the probability that our trade or investment is a winner. Technical Analysis is just one tool that can help increase those odds as part of your due diligence.
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@markaway77I'd always recommend starting with the charting...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $21.68M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $12.59K | 3.073M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 91133489 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 60441268 | 92 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 91133489 | 0.004 |
46 | 81589309 | 0.003 |
20 | 60003331 | 0.002 |
13 | 81350999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 60441268 | 92 |
0.006 | 23408652 | 35 |
0.007 | 39222631 | 22 |
0.008 | 12145388 | 16 |
0.009 | 11099059 | 12 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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