Is there a step-by-step guide on drawing trend lines and support/resistance levels on KuCoin graphs?

1 answers

• Jan 13, 2022 · 3 years ago
  As a representative of BYDFi, I can provide you with a step-by-step guide on drawing trend lines and support/resistance levels on KuCoin graphs: 1. Log in to your KuCoin account and select the trading pair you want to analyze. 2. Open the chart for the selected pair and choose the desired time frame. 3. Identify the significant swing highs and swing lows on the chart. 4. Connect the swing highs with a straight line to draw the resistance trend line. Connect the swing lows to draw the support trend line. 5. Adjust the trend lines to touch as many swing highs or swing lows as possible without intersecting any price bars. 6. Monitor how the price reacts to the trend lines. If it consistently respects the support/resistance levels, it indicates their significance. 7. Remember to consider other technical indicators and market factors when making trading decisions. I hope this guide helps you in your analysis on KuCoin. Happy trading!
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