TECHINICAL INDICATOR — MOVING AVERAGE
If you use technical analysis indicators, you’ll need to set up your profile on a professional crypto trading platform. On Cryptology, a variety of professional tools is available for your profitable trading.
Today we will talk about one the most widely-used technical indicators in the trading world —Moving average (MA). By using the moving average, investors can determine whether the market is on the verge of a bullish or bearish run.
The basic idea behind the MA is to take an average closing price for an X amount of periods of an asset. The basic concept is to discover what average traders are doing in the market.
Moving averages help traders to determine their next potential move without an information overflow. The length of the MA indicator you use should depend on your trading style.
However, trading using technical indicators is only one part of a trading strategy. Never rely on only one indicator.
