Technical analysis
202308141321
- Start with evaluating the overall trend
- Check 15min to 1h EMA Cross (20-50) for trend confirmation
- Look for any pattern formations (reversal continuation)
- Check AO + RSI
- Check open interest if available
If a coin is an uptrend with no sign of a reversal pattern (or clear continuation pattern or VCP), you should buy some on a dip! If open interest is increasing, you’re good
- If you can check long vs. short OI that’s great
If a coin is on a downtrend with sign of reversal pattern and decreasing short OI, sellers are getting exhausted and you should pick some up on a dip if there’s any catalysts for that coin.