Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Average True Range
Why Average True Range is Important in Crypto Trading
The key to success in financial trading, including crypto trading, is to maximize profits while minimizing risks. Minimizing risks requires thorough market analysis using both fundamental and technical analysis to achieve a profitable trading strategy. Several technical indicators can be used in crypto to establish market trends and enter/exit a trade when the time is right. A popular and efficient technical indicator in analyzing crypto markets is the Average True Range (ATR) indicator. The ATR indicator indicates market volatility and…
4 years ago