common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What are the recommended moving average settings for analyzing short-term price movements in the cryptocurrency market?

avatarRiddhesh VelingNov 24, 2021 · 3 years ago1 answers

I'm new to cryptocurrency trading and I want to use moving averages to analyze short-term price movements. Can you please provide some recommended moving average settings that are commonly used in the cryptocurrency market?

What are the recommended moving average settings for analyzing short-term price movements in the cryptocurrency market?
Cryptocurrency
Moving Averages
Short-term Analysis

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using the 7-day SMA and the 14-day EMA for analyzing short-term price movements in the cryptocurrency market. These settings have been found to be effective in identifying short-term trends and providing timely trading signals. However, it's important to note that moving average settings are not a guarantee of success in trading. They should be used in conjunction with other technical analysis tools and indicators to make informed trading decisions.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions