What is the logarithmic scale definition in the context of cryptocurrency?

1 answers

• Seth GrissmanSep 19, 2021 · 4 years ago
  In the context of cryptocurrency, the logarithmic scale is often used to analyze long-term price trends. It helps to visualize the price movements over a wide range of values, from low to high. By using a logarithmic scale, it becomes easier to see the overall trend and identify potential support and resistance levels. This can be particularly useful for traders and investors who are looking to make long-term investment decisions. The logarithmic scale allows for a better understanding of the price dynamics and can help to identify potential buying or selling opportunities based on historical price patterns.
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