How does EMA 200 affect the price movement of cryptocurrencies?

1 answers

• Dec 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the importance of the EMA 200 in analyzing price movements. The EMA 200 is a popular indicator among traders and investors as it helps identify long-term trends and potential entry or exit points. When the price of a cryptocurrency crosses above the EMA 200, it may attract more buyers and result in upward price movement. Conversely, when the price falls below the EMA 200, it could trigger selling pressure and lead to a downward price movement. Traders often use the EMA 200 as a reference point to gauge the strength of a trend and make informed trading decisions.
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