The blockchain band is a cyclical fluctuation pattern, including four stages: rising (highs and highs and lows continue to rise), callback (falling back but not falling below the rising trend line), falling (lows and lows continuing to rise) down) and recovery (rebound but not above the downtrend line). Understanding swing patterns helps traders identify trends, develop strategies, and manage risk.
Blockchain band
Blockchain band refers to the cyclical fluctuation pattern presented in the price trend of blockchain assets. It describes a sustained upward or downward trend in prices over a period of time, followed by a tendency to move in the opposite direction.
Blockchain bands are generally divided into the following phases:
Rising Phase:
Calibration phase:
Down Phase:
Recovery phase:
Understanding blockchain bands is crucial for traders as it helps them identify price trends, develop trading strategies, and manage risk. By analyzing swing patterns, traders can increase their trading profit potential and avoid significant losses when trends reverse.
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