Technical Analysis (TA) is sometimes regarded as a sort of magical things by newbies of trading or crypto beginners.
It's nor magical or mythtical technique that has impied in traditional financial markets like stocks or other commoditi markets.
On the other side, Fundamental Analysis (FA) is focused on quality matters of assets such as growth rate, competition, market trend and goverment policy aligment etc while TA is just focused on past and present price fluctuation and volume.
Best case may be combining 2 techniques having balanced view on asset marekt and asset itself.
But it may not be easy for general non-professional investors or traders to get used to 2 techniquesat a time in short-term enough not to lose money and expanding their asset value.
So, it is required to start investment from smal amount studying essential knowledge of asset fundamental (blockchain theory, bitcoin whitepaper, smart contract) and some basic technical analysis.
Technical Indicators
RSI: Relative Strenth Index
RSI is a momentum indicator that shows whether an asset is overbought or oversold.
This data is displayed having a value between 0 and 100.
A general interpretation of the value is that when it's over 70, the asset is overbought, and when it;s under 30, it is oversold. If an asset has extreme value recently, it may reverse or puulback.
Always it is required to know that the RSI may provide false or misleading signals.MA: Moving Average
MA is based on past data and displays lagging data.
Most common moving averages are SMA(Simple Moving Average) and EMA(Exponential Moving Average).
SMA displays the past defined period data that calculates the average price over the pre-setting days.
MEA is focused on present data that weight more to recent price data.