📈 An upward trend indicates a strong buying opportunity for traders expecting price increases. The Exponential Moving Average (EMA) helps in tracking these trends by giving more weight to recent prices compared to older ones, making it responsive to market changes.
🔹 Important upward landmarks:
• The intersection of the medium-term moving average 8 (short duration) above the medium-term moving average 21 (long duration) indicates the beginning of an upward trend.
• Staying 8 above 21 confirms an increase in momentum.
• When the price approaches the EMA lines from above, it indicates price support and the continuation of the trend, which is a suitable time to buy.
🔹 It is important to remember that there is no single ideal indicator. Use these signals along with trading volume and chart patterns, and always manage your risks wisely.
🛑 This is for educational purposes only and should not be considered financial advice.