Don't Go To Bed 🛏 Without Knowing How To READ AND UNDERSTAND #MovingAverages (MA)DISPLAYED ON THE PAIR YOU WANNA BUY.USING #HBAR TOKEN AS AN EXAMPLE I WILL TEACH YOU.
Note;You must have enabled this Indicator in the settings. We actually have three types of Moving, MA7 , MA25 , and MA99 and their values are always indicated.
👇Here is the analysis
MA7 (Yellow): 0.20988(Short-term)
MA25 (Pink): 0.21543 (Medium-term)
MA99 (Purple): 0.23193 (Long-term)
Currently:
The current price (0.21482) is above MA7 indicating a short-term bullish move.
However, MA25(0.21543) and MA99 (0.23196) are still above the price, suggesting that the overall trend is still bearish unless the price breaks above MA99.
Note; For a strong uptrend, we need MA7 > MA25 > MA99 with the price staying above all MAs.
✍Hope you've understood me. thanks for reading, tomorrow I will teach you about MACD signal, just hit the follow and like buttons.
