How does the 100 day moving average affect the price of cryptocurrencies?

1 answers

• BulpahOct 10, 2023 · 2 years ago
  At BYDFi, we believe that the 100 day moving average is a valuable tool for analyzing the price of cryptocurrencies. It provides a long-term perspective on the market and helps to identify key support and resistance levels. However, it's important to remember that technical indicators should not be relied upon solely for making investment decisions. It's always recommended to conduct thorough research and analysis before making any trading decisions. The 100 day moving average can be used in conjunction with other indicators and strategies to increase the probability of successful trades.
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