📚 CRYPTO LEARNING #41
📈 WHAT IS A TRENDLINE?
A trendline is a straight line drawn on a chart by connecting two or more price points to help identify the direction of a market trend.
🔥 TYPES OF TRENDLINES
🟢 UPTREND LINE
Connects higher lows and can act as dynamic support.
🔴 DOWNTREND LINE
Connects lower highs and can act as dynamic resistance.
✏️ HOW TO DRAW A TRENDLINE?
1️⃣ Identify the market trend
2️⃣ Find important swing highs/lows
3️⃣ Connect at least two relevant points
4️⃣ Look for additional price reactions as confirmation
💡 WHY DOES IT MATTER?
📊 Identify market direction
🎯 Spot potential breakouts
🛡️ Find dynamic support/resistance
📈 Plan potential entries and exits
⚠️ Remember: Don't force a trendline onto the chart. Use price action, volume and multiple timeframes for confirmation.
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September 3, 2026 133
