We often hear terms like "trend" and "correction" when talking about price charts. But what are they and what is the difference? 📈A trend is the general direction of price movement. It can be determined by drawing a line between the minimum and maximum of the chart for a certain period of time. 📉From the resulting line, there will often be deviations in the opposite direction of the trend movement. These deviations are called corrections. Corrections usually occur when the market is overbought, oversold or has been influenced by an external factor. It is important to remember that the trend can change. When it does, it can be mistaken for another correction. Unfortunately, there is currently no way to distinguish between a correction and a trend change. Stay with ChangeNOW to learn even more about cryptocurrencies