How to draw and use trendlines 101
Generally speaking, it is advisable to wait for three confirmed points of contact before you start putting further attention to a trendline. Most traders make the mistake and connect the first two highs or lows and then get overly excited once the price gets there again. However, a trendline is only confirmed if you can get three points of contact because you can always connect any two random points on your charts. But when three points of contact are lining up, it is no coincidence anymore.
https://www.cryptocraft.com/news/961...use-trendlines
Generally speaking, it is advisable to wait for three confirmed points of contact before you start putting further attention to a trendline. Most traders make the mistake and connect the first two highs or lows and then get overly excited once the price gets there again. However, a trendline is only confirmed if you can get three points of contact because you can always connect any two random points on your charts. But when three points of contact are lining up, it is no coincidence anymore.
https://www.cryptocraft.com/news/961...use-trendlines
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