Cryptocurrency trading has evolved from the perception of simply being a game of chance to a strategic process. Successful traders rely on a combination of technical analysis, specific indicators and metrics to find trades with a high probability of profit.
Before explaining the three technical analysis strategies that can help confirm a winning trade, let’s first define the key terms:
The VORTECS™ line lights up green as XNO exceeds a score of 75. Source: Markets ProThe gray line depicts the VORTECS™ Score, while the white line depicts the price of ETH. Source: Markets ProBlue vertical line shows the time the VORTECS™ Score was triggered. Blue arrow shows the MACD signal. Source: Markets ProBlue vertical line shows the time the VORTECS™ Score was triggered. Slanted blue horizontal line shows an RSI divergence. Source: Markets ProRed circle shows DOT/USD exceeding the lower boundary of the Bollinger Bands. Source: Markets Pro
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