How To Use Technical Analysis In Crypto Trading menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Using Technical Analysis to Own the Right Sectors at the Right Time twst.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from twst.com Daily Mail and Mail on Sunday newspapers.
Maley gave the example of using day moving averages for a winning trade in
Bank of America (NYSE: BAC).
Another technical analysis strategy is to use the trend line.
“Always make sure that a trend line or any support/resistance level is broken in a meaningful way,” Maley said.
Head fakes can occur where the trend is broken very shortly and then returns, he added.
Maley pointed to the U.S. 10-Year Treasury breaking its trend line in December 2020. Interest rates were below 1% and then, as they broke the trend line, shot up to over 1.5% in March.
Another technical analysis strategy is higher highs and lower lows.