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TagsHow does the current 200 day moving average affect the price of Ethereum?
Pollerías LozanoDec 29, 2021 · 3 years ago1 answersCan you explain how the current 200 day moving average impacts the price of Ethereum? I've heard that it's an important indicator in technical analysis, but I'm not sure how exactly it affects the price. Could you provide some insights on this?
1 answers
- At BYDFi, we also consider the current 200 day moving average when analyzing the price of Ethereum. It is a widely followed indicator in the cryptocurrency community and can provide valuable insights into the long-term trend of Ethereum. However, it's important to note that the 200 day moving average is not a foolproof indicator and should be used in conjunction with other analysis techniques. It's also worth mentioning that different traders may have different interpretations of the 200 day moving average, so it's always a good idea to do your own research and analysis before making any trading decisions.Dec 29, 2021 · 3 years ago
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