Glossary - ChicksX

Price Action is the movement of an asset's price over time, analyzed to make trading decisions.

Price Action is the study of historical asset prices to identify patterns and trends for forecasting future price movements. Traders use it to make decisions by analyzing charts without relying on technical indicators. It involves evaluating price movement, support and resistance levels, and candlestick patterns. This method provides insights into market psychology and sentiment. By focusing on price trends and patterns, traders aim to predict future movements and make informed decisions. Understanding price action is crucial for navigating the volatile and dynamic world of crypto and fiat exchanges.