Most of us, when first entering the cryptocurrency market, don’t know many technical analysis tools. So we resort to some essential statistical tools, such as the moving average. This article hopes you remember some statistical concepts and start applying them in your technical analysis. There are several moving averages, such as the simple, exponential, and
Moving Average Convergence Divergence (MACD) is a momentum indicator used by traders to determine if the short-term trend is working in their favor. MACD crossovers are used to signal to buy and sell opportunities. A Quick Intro to MACD Last week we saw that moving averages are great to identify (detect) trends in the market because they represent bullish momentum if the smooth line is slanted upward.