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What are the strategies for using EMA200 in cryptocurrency investments?

avatarBernalyn MalabananDec 25, 2021 · 3 years ago1 answers

Can you provide some strategies for using the EMA200 indicator in cryptocurrency investments? How can it be effectively utilized to make informed trading decisions?

What are the strategies for using EMA200 in cryptocurrency investments?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using the EMA200 indicator in conjunction with other technical indicators such as the RSI or MACD. This can help confirm the signals provided by the EMA200 and increase the accuracy of trading decisions. Additionally, BYDFi suggests using a longer time frame, such as the daily or weekly chart, when analyzing the EMA200 indicator. This can help filter out short-term noise and provide a clearer picture of the overall trend. Remember, always do your own research and consider your risk tolerance before making any investment decisions.