How do they use analysis indicators to know the price trend?
Analyzing cryptocurrencies on the Binance platform requires the use of a set of technical and fundamental indicators to help you make informed trading decisions. Here are the most important indicators and how to use them in detail:
1. Moving Average (MA) Indicator
What is it? A moving average is a tool used to determine the overall direction of a market by calculating the average of prices over a specified period of time. It can be simple (SMA) or exponential (EMA).