How to know if a crypto is in an uptrend or downtrend?
🔹 Step 1: Look at the daily chart and observe the general direction of the price. Is it rising, falling, or moving sideways?
🔹 Step 2: Use a moving average (for example, a 50-period one). If the price is above, it may indicate an uptrend; if it is below, a downtrend.
🔹 Step 3: Draw trend lines connecting the rising lows (uptrend) or the falling highs (downtrend).
KEY FACT: A trend does not last forever, but as long as it persists, it is best to trade in its favor.
