What is Fire Zone?
You can think of Fire Zone as a smart AI-based thermal camera that allows traders in financial markets to analyze support and resistance zones or walls, and understand the overall market situation.
As a leading indicator, Fire Zone is powered by AI and Machine Learning, and can find key areas of interest in the market. To obtain the best results, Fire Zone analyzes more than 62 indicators and oscillators, and 30 chart patterns in 6 different timeframes simultaneously. It is also useful for supply-and-demand analysis, as well as monitoring large flows of crypto assets between hot and cold wallets.
By using Fire Zone, experienced traders and beginners can review the congestion areas in different timeframes at a glance. This indicator helps traders to manage their next move accordingly.
Each zone in Fire Zone indicator is based on buy and sell orders, and the effect they may have on cryptocurrency markets. Fire Zone analyzes the chart’s reaction to the price range of 5400 previous candlesticks in 6 different lower timeframes. After that, each Zone is being constantly updated based on the live market reactions. Short-term and mid-term traders can use Fire Zone on 15m, 1h and 2h charts to get the confirmation they need in their trading strategy.