Trend Line
A trend line is a diagonal line connecting two or more price points that shows the direction and slope of a trend. It acts as dynamic support or resistance.
Understanding the Concept
Trend lines are simple but stupid effective. Draw a line under the lows in an uptrend or over the highs in a downtrend, and you've got a visual guide for entries and exits. When price touches your trend line for the third or fourth time and bounces, that's confirmation it's legit. Everyone's watching it now. Here's what separates good trend lines from garbage ones: touch points and angle. You need at least two touches to draw it, three to validate it. The angle matters too—if it's too steep (more than 45 degrees), it's not sustainable. Price will eventually break it.
Real-World Example
Ethereum's making higher lows at $2,200, $2,400, and $2,600. You draw a trend line connecting them. Next time it drops to $2,750 and touches that line, you buy. Your stop goes just below the trend line. Simple.
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