Technical analysis is a key skill for predicting cryptocurrency price movements. Binance offers professional-grade charting tools powered by TradingView, making it accessible even for beginners.
Common indicators include Moving Averages, Relative Strength Index (RSI), and MACD. These indicators help traders identify trends, momentum, and potential reversal points. Beginners should focus on mastering one or two indicators before using advanced setups.
Support and resistance levels are another essential concept. These price levels indicate areas where buying or selling pressure is strong. Binance charts allow users to draw trend lines and visualize price behavior easily.
Timeframe selection also matters. Short timeframes suit active traders, while longer timeframes are ideal for strategic decision-making. Beginners are advised to analyze higher timeframes to avoid market noise.
Technical analysis should always be combined with risk management. Setting stop-loss and take-profit orders helps protect capital and lock in gains.