In this article, two types of analysis are explained: fundamental analysis and technical analysis.
What is basic analysis?
In Fundamental Analysis , we try to determine the true value of the currency. For this analysis, we use the use case, number of transactions, economic factors, development team, programming activity, inflationary or deflationary supply, competition, and more.
What is technical analysis?
In Technical Analysis , historical market data is analyzed to predict price patterns and directions. For this analysis, price and market volume are used. A technical analyst applies a combination of Technical Indicators to investigate price movements. Technical Indicators are mathematical calculations based on past data for a particular asset. They provide insights into the potential directions of the price. For more information on Technical Indicators , click here. You can use charts for this purpose. For more information on how to read the chart page, click here.
