Hello my friends 🖐 welcome to Analysis based on heiken ashi chart .
I’m trader, I’m happy to write to you about analysis here.
The Heiken ashi chart is a widely used chart for traders.
Are you using this chart??
What is a heiken ashi chart?
Heiken ashi is a clean chart. This chart is like a candlestick chart.
Heikin Ashi has beta candles, doji, pin bars, and…
Each candlestick in this chart consists of a body and a shadow.
The Heikin Ashi chart uses a simple formula to show the average price.
Summary The Heiken Ashi chart is one of the best statistical charts available in the cryptocurrency market.
There are many explanations about this chart on Google. You can read and learn more about the Heiken Ashi chart.
How to use the Heiken Ashi chart
To use the Heikin Ashi chart in technical analysis, you need to have a good understanding of the Heikin Ashi chart. However, the easiest way is to add it to your analysis page from the charts section.
After adding the Heiken Ashi chart, you will see a cleaner, less noisy chart. It shows you the average price and the green and red candles are displayed more regularly on this chart.
When you see the price on the Heikin Ashi chart, you will realize that analysis based on the Heikin Ashi chart will be much easier.
Trend changes in the Heiken Ashi chart can be easily predicted by the changing colors of the candles. When a downtrend ends and an uptrend is about to begin, red candles turn into green candles. Also, red candles appear when an uptrend ends.
You can trade with this chart when buy or sell signals appear on the chart.
When do buy and sell signals appear on the Heiken Ashi chart?
In the Heiken Ashi chart, the candles appear in green and red. In the simplest way, buy signals are generated when the candles turn green at the end of a downtrend, and conversely, bearish signals appear when the price reaches its highest point. Red candles indicate a decline in price.
Since this chart is made up of candlesticks, you can receive buy and sell signals by interpreting the meaning and meaning of the candles.
There is another way, if you examine the support and resistance areas of a stock on different time frames, you can receive buy and sell signals.
Using indicators, you can use the signals that have appeared for further confirmation, taking into account the points I mentioned.
Analysis using the Heikin Ashi chart is very interesting. Indicators such as MACD, Moving Average, RSI can be used to optimize the analysis.
Analytical example for receiving buy and sell signals on the Heiken Ashi chart
In the image above, based on the arrangement of the candles and their colors, a buy and sell signal has appeared on the Heikin Ashi chart, and for further confirmation, indicators and candlestick analysis should be used.
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