The Trend Is Your Friend — 23 Sep 2024 🫂

Every day, I scan more than 500 crypto tokens for various technical indicators.

Here's one of my favorite searches: The Triple EMA. I'll add an explanation at the bottom of this post.

Comparing yesterday's list, we have a couple of new entries: MANTRA, Keep Network, and Virtua. On the other hand, all the tokens from yesterday managed to stay on the list.

Here are the tokens:

• Bitcoin (BTC), CMC Rank: 1

• BNB (BNB), CMC Rank: 4

• XRP (XRP), CMC Rank 7

• Tron (TRX), CMC Rank 11

• Aave (AAVE), CMC Rank 43

• MANTRA (OM), CMC Rank 67

• Pax Gold (PAXG), CMC Rank 132

• Reserve Rights (RSR), CMC Rank 196

• Aragon (ANT), CMC Rank 236

• Keep Network (KEEP), CMC Rank 326

• Virtua (TVK), CMC Rank 1013

Be careful with Pax Gold and Aragon since the RSI already trades in overbought territories. Also, Aave's RSI has turned overbought.

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What is The Triple EMA?

The indicator is based on three exponential moving averages (EMA): A long-term EMA (200 days), a medium-term EMA (100 days), and a short-term EMA (9 days).

The tokens below show a solid uptrend since their price trades above all three EMAs. Additionally, the EMAs are well aligned with the 9-EMA above the 100-EMA and the 100-EMA above the 200-EMA.

In other words, it is a setup that perfectly defines a solid uptrend.