Hello,
I'm trying to get more clued up regarding the nuances of trading.
I've just started reading into the Fibonacci Retracement Level.. and understand the basics of that.
I've recently been reading a crypto-analysis at: cointelegraph.com
They use the 'trading view' charts, and analyze + annotate them.
They don't provide a key to understanding their annotations however (and that leaves me guessing..)
Would someone mind telling me what these indicators on the Y axis mean regarding price:
RED (Top) - $8566.40
GREEN (Upper mid) - $6988.98
GREEN (Lower mid) - $6955.79
RED (Bottom) - $6075.054
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https://s3.cointelegraph.com/storage/uploads/view/ceafb47dc2319081ccf6ccff56bad46f.png--
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In the article where that chart is from they refer to their 'recommended stops'. I was wandering if their recommended stops are annotated on this Graph, perhaps on the Y axis..?
Here's the article to go with the graph:
https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-iota-price-analysis-august-31Thanks for clearing this up for me.
Also, would you consider cointelegraph to be a reliable source of information?
G