#Square I will explain common trading indicators:#Write2Earn
The most important steps I need to understand correctly to become one of the biggest traders in Binance
**1- Relative Strength Index (RSI):**
- Measures the strength or weakness of the market.
- Represented on a chart between 0 and 100.
- If RSI is greater than 70: the market is overbought.
- If RSI is less than 30: the market is oversold.
**2- Moving Average (MA):**
- Measures the average price of a stock over a certain period.
- Represented on a chart.
- If the price is above the MA: the market is in an uptrend.
- If the price is below the MA: the market is in a downtrend.
**3- Bollinger Bands:**
- Measures market volatility.
- Represented on a chart.
- If the price is above the upper band: the market is overbought.
- If the price is below the lower band: the market is oversold.
Do you want to know how to apply these indicators?
Check the images $BNB $MOODENG
1-The yellow mark is RSI
2-The green mark is MA
3-The red mark is DEA
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