What a great question! There are two schools of thought:
They are stable, if viewed in terms of the levels which reacted or led to the price.
They are moving, if viewed in terms of forming stock chart patterns, like: wedge and flag.

In order to follow a trend, you will have to know what is the direction, and to determine whether it’s a long, or an intermediate, or a short-term for only a couple of hours. That’s why trend analysis, support, and resistance will help you to identify entry points and the direction.

The tools are various, regarding technical, and digital analysis and Gann angles, in addition to the methods like Elliot waves, Harmonic analysis and others. Based on what I learned, technical analysis is really important and you can trade with it, yet adding technical tools will add accuracy and value to your business.

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