📈 Day 5 - Class 1
Trends: identify the direction of the market like a strategist.
🎯 Class objective:
Learn to recognize upward, downward, and sideways trends in charts, and understand how to use them to make smarter decisions on Binance.
📚 Content:
▶️ What is a trend?
It is the predominant direction that the price of an asset follows during a period.
✅ Upward: the price rises with higher highs and higher lows.
✅ Downward: the price falls with lower highs and lower lows.
✅ Sideways: the price moves within a range, without a clear direction.
▶️ How to identify it?
a. Use candlestick charts on larger timeframes (1D, 4H).
b. Draw trend lines connecting lows or highs.
c. Observe the sequence of candles: do they rise, fall, or repeat in a range?
▶️ Visual example:
• Upward trend: #BTC rises from $38,000 ➡️ $40,000 ➡️ $42,500.
• Downward trend: #ETH falls from $2,300 ➡️ $2,100 ➡️ $1,950.
• Sideways trend: #BNB fluctuates between $290 and $310 for several days.
▶️ Tip R2O:
Trading without identifying the trend is like rowing without knowing the current. The strategist sails with the market, not against it.
📢 Call to action (CTA)
📊 Open a chart on Binance and comment with #R2O : "I already know where the market is heading".
