Trend Line
Trend Line Touch
"Trend Line" is one of the most used algorithms in technical analysis. It consists of a curved line that helps us determine the direction of the trend.
Upward trend lines indicate an upward trend, meaning that prices tend to increase, while downward trend lines indicate a downtrend, meaning that prices tend to decrease.
A trend line drawn by touching at least two lows or at least two highs of a chart becomes stronger and more reliable when it touches more lows or highs. "Trend Line" allows us to predict future prices of markets. If the prices break the trend line and a new trend is formed, the trend break is realized. The trendline is considered valid as long as there is no trend breakout.
"Trend Line Touch" is the theme of prices touching the trend line. This touch shows us at which points the trend is forced.
For a market that is in an uptrend, a "Trend Line Touch" indicates that prices may hit the trend line and go up again. The "Trend Line Touch" observed in the uptrend is considered as a buy signal for investors.
For a market that is in a downtrend, the "Trend Line Touch" indicates that the prices may crash again by hitting the trend line. The "Trend Line Touch" observed in a downtrend is considered a sell signal for investors.
In order to easily obtain Trend Line Touch detections, you can create Alerts or Custom Signals through the Coinlegs system, and start autotrading bots on LegsBot by using the alerts you create.
Trend Line Breakout + Confirmation
In a falling trend, the trend line formed above the price movements is breakout upwards by the price movement and forming a new trend is called "Trend Line Breakout". "Trend Line Breakout + Confirmation", on the other hand, can be explained as the price action breakout the trend line upwards and then touching the trend line again, confirming the trend line. It is an important technical analysis algorithm used to determine the trend direction and possible reversal points of the trend.
When the price first breakout the trend line upwards and then confirms, it is interpreted that the trend will rise and "Trend Line Breakout + Confirmation" is considered as a possible buy signal for investors.
In order to easily obtain Trend Line Breakout + Conformation detections, you can create Alerts or Custom Signals through the Coinlegs system, and start autotrading bots on LegsBot by using the alerts you create.
Trend Line Breakdown + Confirmation
In an uptrend, the trend line formed under the price is breakdown by the price action and a new trend is formed, called "Trend Line Breakdown". "Trend Line Breakdown + Confirmation", on the other hand, can be explained as the price action breakdown the trend line and then touching the trend line again, confirming the trend line. It is an important technical analysis algorithm used to determine the trend direction and possible reversal points of the trend.
When the price first breakdown the trend line and then confirms, it is interpreted that the trend will decrease and "Trend Line Breakdown + Confirmation" is considered as a possible sell signal for investors.
In order to easily obtain Trend Line Breakdown + Conformation detections, you can create Alerts or Custom Signals through the Coinlegs system, and start autotrading bots on LegsBot by using the alerts you create.
Last updated
