*So what? 200 PERIOD MOVING AVERAGE means*
🔴 A moving average is an indicator based on the average price of a certain coin.
*So why do we use the 200 period moving average for this?*
🔴 So the reason for that is that the 200 period moving average is formed by calculating the average price of 200 candlesticks in a certain time frame.
*So what are the benefits of this 200ma Indicator*
*1* Catch the current trend in the market
*2* Grab the dynamic support and resistance of the market
So we have said only two benefits of 200 ma
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