Reimagining Support and Resistance Indicators with Blockchain Datasets
Support and resistance are two of the best established concepts in technical analysis trading strategies. Conceptually, both support and resistance identify pricing points on an asset that favor a pause or reversal of a given trend. In traditional technical analysis, there are several indicators that model out points of support and resistance all of them are solely based on price trends. Many of those techniques can be extrapolated it to crypto-assets but I think we can do a bit better. For the first time in history, we have an asset class that records parts of the behavior of individual investors and asset holders in public ledgers. That information results a gold mine when comes to estimate objective levels of support and resistance.