What is technical analysis?

Technical analysis (TA), also known as chart index, is an analysis method based on historical prices and trading volume, aiming at predicting future market behavior. Technical analysis method is widely used in stocks and other assets in traditional financial markets, but it is also an integral part of digital currency trading in cryptocurrency markets. Compared with fundamental analysis (FA) which focuses on asset prices and other factors, technical analysis (TA) focuses on historical prices. Therefore, it is used as a tool to check the fluctuation of asset prices and trading volume, and many traders hope to use it to identify trends and favorable trading opportunities. Although the earliest technical analysis appeared in Amsterdam in the17th century and in Japan in the18th century, the origin of modern technical analysis technology can be traced back to charles dow's work. As a financial journalist and The Wall Street Journal