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    Vikshita Vitthal Gujaran in OBOSWAP

    10-Jan-2023 05:38 AM


    What is Moving Averages?

    Technical analysis (TA) is nothing new in the world of trading and investing.
    From traditional portfolios to cryptocurrencies like Bitcoin and Ethereum, the use of TA indicators has a simple goal: use existing data to make more informed decisions that will likely lead to desired outcomes.
    As markets grow increasingly more complicated, the last decades have produced hundreds of different types of TA indicators, but few have seen the popularity and consistent usage of moving averages (MA).
    Depending on the market and desired outcome, traders can choose which indicator will most likely benefit their setup.
    However, the equation is a bit more complicated because an EMA assigns more weight and value to the most recent price inputs.
    A bullish crossover (also known as a golden cross) happens when the short-term MA crosses above a long-term one, suggesting the start of an upward trend.

    Source -https://academy.binance.com/en/articles/moving-averages-explained?utm_source=BinanceAcademy&utm_medium=Social&utm_campaign=Article

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