Submit a request Sign in
 
Logo Logo
Categories
Submit a request
Sign in
Indodax Academy Blog Indodax INDODAX.COM

What is Crypto Support?

  1. INDODAX
  2. Information
  3. Digital Asset

browse

You need to know that crypto support is the lower limit of prices that will be difficult for traders in the capital market to penetrate within a certain period of time. Not only in crypto assets, this concept also applies to other markets such as the stock market and derivatives market. In general, support is characterized by a horizontal or slightly sloping line at the lower limit of the chart. When prices are in a downtrend, additional technical analysis indicators such as moving averages can be used to accurately determine support. Even if the price has been close to the support line historically, analysis is needed so that we can gauge whether the price will move up or stagnate.

    Articles in this section

  • Frequently Asked Questions (FAQ) of Alarm Price Feature
  • What is dKargo (DKA)?
  • What is the FIO Protocol?
  • How do I see the volume of digital assets available on the Indodax market?
  • How do I see my transaction volume on Indodax?
  • What is Sybil Attack?
  • What are Ommer Blocks?
  • What is Movement Crypto?
  • What is Virtual Protocol Coin?
  • What is Atomic Wallet?

Related articles

  • Why are there different username color in the Indodax chatroom?
  • What is Crypto Trading?
  • What are Breakout and Bounce Terms in Crypto Trading?
  • What is Short Bitcoin?
  • Details of Transaction Fees on INDODAX

Promoted articles

  • BCA Virtual Account Payment Guideline
  • Frequently Asked Questions (FAQ) of Alarm Price Feature

Was this article helpful?


Have more questions ? Submit a Request
×
Logo
English (US) Bahasa Indonesia 简体中文
Indodax.com © 2022