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zackw9
Apr 16, 2021 11:43 PM

$COIN Beginner TA charting  

Coinbase / USDFTX

Description

I'm still new and I'm just practicing forming a chart for COIN, w/ possible fib retracement and just drawing some lines to visualize support and resistance areas. please feel free to let me know if you have any critiques or advice
Comments
Durbtrade
That's not bad for a first published chart in my opinion. Keep it up!

My recommendations: perhaps limit info on your chart to only what supports your argument. Keeping those ema's on there just makes the chart harder to decipher, especially when there is barely enough info for it to even display an ema. Same with RSI... was that a factor in the drawing of your arrows? Also don't forget, you can draw rays, or extend a regular trendline past its right plot point, turning it into a ray, keeping your chart a bit cleaner... no need to have a horizontal line that extends all the way to the left where there aren't even any candles (I noticed the top horizontal line practically overlaps your 0.236 fib, so there isn't really a need for it when you could just extend your fib to the right by going into its settings menu.... that way you can keep using it further down the road.

Just some pointers... hope that you find them useful. Keep at it! Goodluck and happy charting!
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