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Moving Averages (MA) 👈Objective: Identify the overall trend and smooth price fluctuations. 👈How it works: Calculates the average price over a specified time period (like 50 days, 200 days). Main types: 🚀Simple Moving Average (SMA): Direct arithmetic average of prices. 🚀Exponential Moving Average (EMA): Gives more weight to recent prices (faster in detecting changes). How to use: 👆Uptrend: When the price is above the moving average. 👇Downtrend: When the price is below the moving average. 🤷Moving Average Crossovers: When the short average (like 50 days) crosses above the long average (like 200 days), it’s a bullish signal ("Golden Cross"); the opposite is a bearish signal ("Death Cross").
Recommendation for Quick Speculation Proposed Currency: $STRK
Reason: 24h Trading Volume: $862,330, with a positive market trend. Current Price: $0.139–$0.146, 96.5% away from its peak ($4.00). Drivers: Upcoming AMA event (on June 5) regarding Ethereum expansion and Bitcoin integration into DeFi, which could lead to positive speculation.