Reading technical charts for trading crypto is very important for any user.
The technical chart helps crypto traders & users to understand the market and on that basis a decision of Buy or Sell is initiated.
Klever Exchange has become more robust after its integration with the TradingView API.
It makes it possible for traders to conduct more effective and expert trading on the Klever Exchange.
This includes the traders’ capacity to foresee potential price movements and directions on their charts using specialized tools before they take place.
On the Klever Exchange, traders have access to a variety of features and tools for analyzing their market forecasts.
Let’s check a few tools that traders can use on Klever Exchange
Trendlines
It is a straightforward feature on the TradingView chart for identifying the swing highs and lows of price movement in a market that is trending.
Depending on the direction of the price activity, the market may trend as a flag or a pennant.
It merely employs three to four points on the chart to indicate the locations of its high and low swings.
Even while it seems straightforward, this can frequently be used to predict the next course of the market or price action.
Bollinger bands (BB)
It is based on the logic associated with price action, the lines help the trader determine when there is a squeeze within the chart and, as a result, predict the next possible price movement of the market.
BB uses a series of mathematical calculations to determine the price movement within the chart.
Fibonacci Retracement
Another fascinating tool or function on the Klever Exchange is TradingView charts that aid traders in choosing entry and exit points for various asset classes.
Mathematical repeats known as Fibonacci retracement levels have been shown to recur repeatedly in life patterns.
It is a well-liked instrument that traders use to spot price reversals in cryptocurrencies.
