✅ How to Use the Moving Average (MA) Analysis Tool on the Binance Platform 🟡
🔍 What is the Moving Average?
The Moving Average (MA) is a technical analysis tool used to determine market direction by calculating the average price over a specified period. It helps you know whether the price is in an upward or downward trend in an easy and visual way.
📲 Steps on the Binance App or Website:
1. 🔐 Log in to your Binance account from the app or browser.
2. 📈 Go to the "Trade" section, then open the chart for the currency you are interested in (like BTC/USDT).
3. ⚙️ Click on the indicators icon at the top of the chart.
4. ✍️ Type "MA" or "Moving Average", then select the indicator to add it to the chart.
🧮 You can adjust the average settings:
📆 Length: The number of candles used for the calculation (e.g., 20, 50, 200)
🎨 Style: Change the color or line type according to your preference
You can add more than one MA to see both short and long-term trends together!
⚠️ Important Notes:
MA-200: Used to determine the overall long-term direction.
MA-50 and MA-20: Ideal for short and medium-term trends.
🧠 Example to Clarify the Idea:
🧾 Type of MA 📊 Value Used
MA-50 Average of 50 candles
MA-200 Average of 200 candles
If MA-50 crosses above MA-200 = Strong bullish signal
If MA-50 crosses below MA-200 = Potential bearish signal