Essential for Cryptocurrency Beginners: Eight Major Indicators Applicable to Spot and Futures Trading!!!
Technical analysis indicators in the cryptocurrency market 🔥
1. Moving Average (MA): A powerful tool for trend assessment
Definition: The moving average smooths data fluctuations by calculating the average price over a period, helping you assess the overall market trend.
Application Tips:
Golden Cross: The short-term moving average crossing above the long-term moving average is often seen as a buy signal.
Death Cross: When the short-term moving average crosses below the long-term moving average, it may indicate a selling opportunity.
2. Relative Strength Index (RSI): Overbought and oversold signals
Definition: The RSI measures the speed and magnitude of price changes, with values ranging from 0 to 100.
