The Trend Is Your Friend â 24 Sep 2024 đ«
Every day, I scan more than 500 crypto tokens for various technical indicators.
And here's one of my favorite searches: The Triple EMA (You can find a detailed explanation at the end of this post).
Comparing yesterday's list, we have a couple of new entries: SuperRare, Mines of Dalarnia, Merit Circle. On the other hand, all the tokens from yesterday managed to stay on the list.
Here are the tokens:
âą Bitcoin (BTC), CMC Rank: 1
âą BNB (BNB), CMC Rank: 4
âą XRP (XRP), CMC Rank 7
âą Tron (TRX), CMC Rank 11
âą Aave (AAVE), CMC Rank 43
âą MANTRA (OM), CMC Rank 67
âą Pax Gold (PAXG), CMC Rank 132
âą Reserve Rights (RSR), CMC Rank 196
âą Aragon (ANT), CMC Rank 236
âą Keep Network (KEEP), CMC Rank 326
âą SuperRare (RARE), CMC Rank 418
âą Mines of Dalarnia (DAR), CMC Rank 420
âą Merit Circle (MC), CMC Rank 940
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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.