Trend Lines: How to Draw and Use Them for Crypto Trading

Crypto trading is volatile, and traders are constantly looking for ways to profit from it. Using technical analysis is one of the best ways to identify trades in volatile markets.

Technical analysis describes past price action and extrapolates it forward. Of course, nothing lasts forever, which is why traders carefully place a stop-loss on each trade at certain price levels, based on the analysis.

Over the next few minutes, we’ll discuss a popular technical analysis tool called trend lines. Many traders love using trend lines because they provide excellent risk versus reward.

Why Is Technical Analysis Important?

It’s often said that fundamental analysis will help you spot good crypto to trade, but technical analysis helps you spot the entry and exit points of that trade.