What are swing high and swing low patterns in cryptocurrency trading?

1 answers

• May 05, 2022 · 3 years ago
  Swing high and swing low patterns are important concepts in cryptocurrency trading. They represent the points where the price of a cryptocurrency reaches a temporary high or low before reversing its direction. These patterns can be identified by analyzing the price chart and looking for areas of resistance and support. Traders often use swing highs and swing lows to determine potential entry and exit points, as well as to gauge the strength of a trend. However, it's important to note that swing highs and swing lows are not always accurate indicators and should be used in conjunction with other technical analysis tools and market research to make informed trading decisions.
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