Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?
What works for others may not work for you, it depends on the trading style and their appetite for profits. For me I use , Bollinger Bands, RSI and Parabolic SAR. Bollinger Bands tells me where the price is heading and up to how high it may reach. Parabolic SAR gives a signal if its time to Buy or Sell while RSI tells you if the coin is over bought or over sold. Works for me 85% of the time.