Do you want to see the trend before others? ⚘️ Turn on these two lines. Forget about complicated terms! A practical guide to MA and EMA.
Your first step in technical analysis: understanding the trend.
Do you love playing games on your phone? Now imagine that cryptocurrencies are like a huge, serious money game.
And the "Golden Cross" on the chart is like a super lucky moment in the game! It’s a special marker that says: "Hey, it seems like the price is about to go up!".
And now — how does it work?
Imagine that you have two robot friends:
1. Robot "Hare" — very fast. He runs back and forth and reacts to every new price.
2. Robot "Turtle" — very slow and wise. He doesn't run, but crawls, thinking about all the prices over a long time.
What is the "Golden Cross"? It’s when the "Hare" (fast line) overtakes the "Turtle" (slow line) from below and starts running ahead of it!
Everyone is watching and shouting: "Wow! The "Hare" is now in front! That means he is confident that things will get better! The price will probably start to rise!".
And what about the numbers (9, 99, 200)?
These are just speed settings for our robots.
If you set the number 9 for the robot — he will remember prices only for the last 9 days and will be fast.