Master technical analysis! 📈 What do the 3 colored lines on your chart mean? 🧐
If you're new to Binance, you've surely seen the yellow, purple, and blue lines that follow the price. They are called Moving Averages (MA) and are your best compass:
1️⃣ Yellow Line (MA7): It's the fastest. It averages the price of the last 7 periods. If the price is above it, there's immediate bullish strength! 🚀
2️⃣ Purple Line (MA25): It's the equilibrium. It averages 25 periods and tells you the medium-term trend. It's ideal for confirming whether the movement is real or just a scare.
3️⃣ Blue Line (MA99): The voice of experience. It shows the long-term trend. If the price breaks above it, get ready for a big change! 💎
Use these lines to avoid trading blindly and protect your capital! 🛡️ What is your favorite strategy? 👇
#BinanceSquare quare #TradingParaPrincipiantes cipiantes #AprendeCripto ripto #AnalisisTecnico
If you're new to Binance, you've surely seen the yellow, purple, and blue lines that follow the price. They are called Moving Averages (MA) and are your best compass:
1️⃣ Yellow Line (MA7): It's the fastest. It averages the price of the last 7 periods. If the price is above it, there's immediate bullish strength! 🚀
2️⃣ Purple Line (MA25): It's the equilibrium. It averages 25 periods and tells you the medium-term trend. It's ideal for confirming whether the movement is real or just a scare.
3️⃣ Blue Line (MA99): The voice of experience. It shows the long-term trend. If the price breaks above it, get ready for a big change! 💎
Use these lines to avoid trading blindly and protect your capital! 🛡️ What is your favorite strategy? 👇
#BinanceSquare quare #TradingParaPrincipiantes cipiantes #AprendeCripto ripto #AnalisisTecnico