bitcoinBTC/USD
$ 20,288.00
ethereumETH/USD
$ 1,151.54
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.467091
xrpXRP/USD
$ 0.32888
usd-coinUSDC/USD
$ 1.00

How To Determine Good Sell Signals On Crypto?

Trading signals are important when it comes to cryptocurrency trading. Knowing when to buy a cryptocurrency is really important if you want to make a profit out of your investments. However, knowing when to sell your coins is just as important. To help you out on finding good sell signals, we depicted some easy methods you can determine when to sell your assets.

Volume

The volume of a cryptocurrency is perhaps one of the biggest trading signals there is. High trading volume indicates that there is a lot of trading activity is being conducted with a cryptocurrency. If the price of a cryptocurrency is going up, and its volume is increasing, then it is possible that the price is going to continue increasing since it means that traders are mainly buying that crypto.

If the price of a cryptocurrency is going down, but the volume is high, then it is possible that the price is going to decrease because traders are actively selling.

If the price is either increasing or decreasing, but the volume is down, it means that only small traders are trading, the price is unstable, and that there is low interest in that coin. Then, the trend might reverse.

News

Following crypto news is very important. Positive news about a cryptocurrency, such as a new partnership or implementation in any business, is likely to increase the price of a cryptocurrency. The same can be said about negative news, where they indicate that you should sell a cryptocurrency to avoid losses.

Support & Resistance

Support and resistance are two important trading signals in cryptocurrenciesSupport indicates a price where the buying interest is higher than the selling interest in a declining price. The price is unlikely to go lower than the support level, meaning that it may not decline more than that.

Resistance is the opposite of that, where it illustrates a price where the selling interest is higher than the buying interest and the price might not increase further than that.

How To Determine Good Sell Signals On Crypto?

Ultimately, there are lots of signals that might indicate to either buy or sell a cryptocurrency. Today, we focused on some of the most important.

Join our Telegram group. Get Free Daily Signals!

Takeaways

  • Volume is one of the best signals in cryptocurrencies. High volumes indicate lots of trading activity.
  • Cryptocurrency news is a very important signal so it is best to follow daily updates. A piece of good news about a cryptocurrency entails a potentially increasing price.
  • Support and resistance are two of the main trading signals for cryptocurrencies. Support indicates a price where the buying pressure is higher than the selling pressure. Resistance indicates the opposite.

 

Also read:

Related News

Central Bank Digital Currencies (CBDCs) – Definition

People are becoming more familiar with the technology behind digital currencies as the cryptocurrency industry continues its rapid expansion. There is a constant emergence of innovative forms of digital currency, and a number of important financial institutions are actively exploring these new forms. Large corporations and even financial institutions are gradually becoming more accustomed to using digital forms of currency. What factors have contributed to the development of central bank

Read More »

Is KuCoin Token a Good Investment – Should You Invest in KuCoin?

The cryptocurrency market saw one of the biggest bull runs in its history back in 2021. During this time, several tokens and cryptocurrencies made millionaires overnight. However, as the market grew, people began taking profits, leading to a market correction. In early 2022, the market was attempting to recover, but with everything that was happening around the world, it failed to do so.  One token that is performing well even during these

Read More »

How to Use Pacoca  – A Step-by-Step Guide

  Pacoca is a comprehensive DeFi hub where investors may monitor and invest in several initiatives. Since its inception, the platform has seen tremendous success, drawing a large number of daily investors who use it daily. Decentralized finance (DeFi) is the most profound change to ever occur in the financial markets, and it is expanding rapidly, with almost new protocols being released each day.  Although, there is still a severe

Read More »

My Coins

bitcoinBitcoin
$ 20,288.005.61%
ethereumEthereum
$ 1,151.547.34%
cardanoCardano
$ 0.4670912.84%
tetherTether
$ 1.000%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org