A trend is the general direction in which the market is moving. The market does not move in a straight line but in a series of ups and downs resembling a wave pattern. The direction of these peaks and troughs forms the trend of the market.
An upward trend is identified by each peak and trough being higher than the previous one
Downward trend is identified by each subsequent peak and trough being lower than the preceding one
Sideways is one where the peaks and troughs remain at the same level
These characteristics are fundamental in identifying the trend
Not a financial advice. #BTC #crypto2023 #dyor
