Hi, four days ago, I have posted about the indicator Moving Average(MA). Today, I am going to explain to you how to use it and make a profit with this powerful indicator that the traders use. Especially, the new trader should have to keep an eye on it. In this article, I will just summarize the trend function, not a full explanation. However, I am sure that may help you as well as you often practice it while you trade. I also invite you to do your own research to emphasize your skills about the Moving Average. It is very useful whether you trade Crypto(BTC, ETH, BNB...) or Fiat(EURUSD, GBPUSD, USDJPY...)
In the image below you see the Moving Average is pointed by the arrow.
Now you know what the moving average is. Let me show you the next image that explains how to use it in trading. We study Moving Average Support and Resistance level.
Moving Average Support level
Moving Average Resistance Level.
This latest image explains to us how and where to BUY or SELL in the market.
How powerful is it if you know well how to aline with your trading strategy! I personally use it because it is easy to analyze and understand the market. However, the moving average itself can't work alone. So you can combine it with other indicators such as RSI, Ichimoku, Stochastic Oscillator, to strengthen and ensure your analysis of what should be a profit rather than a loss. Because the goal is to earn money and work rather than play.