Technical analysis involves several important terms that traders often use. These include:

Trend: This refers to the overall direction in which a market or security is moving whether upward, downward, or sideways.

Support and Resistance: These are specific price levels on a chart. Support is where the price tends to stop falling, while resistance is where it often struggles to move higher.

Moving Averages: A moving average helps smooth out price data over a set period, making it easier to spot trends. Traders use it to identify potential points to enter or exit trades.

Indicators: These are formulas or mathematical tools used to predict future price movements. Examples include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the Stochastic Oscillator.

Chart Patterns: These are recognizable shapes or formations on a chart that traders believe may signal upcoming price movements. Common examples include head and shoulders, triangles, and wedges.

Asset Price: This is the current market price at which an asset is being bought or sold.

Asset Value: This reflects the intrinsic worth of an asset based on its fundamental characteristics. Value-focused investors seek opportunities where the market price is lower than what they believe the asset is truly worth.

Understanding these concepts can help traders and investors