Cryptocurrency Q&A What 3 moving averages should I use?

What 3 moving averages should I use?

CryptoEnthusiast CryptoEnthusiast Tue Dec 24 2024 | 5 answers 1194
I'm trying to figure out which moving averages would be most suitable for my technical analysis. There are so many options, like simple, exponential, and weighted moving averages. I'm not sure which ones to choose for my strategy. What are the three most commonly used or effective moving averages? What 3 moving averages should I use?

5 answers

Luigia Luigia Thu Dec 26 2024
Selecting the most suitable moving averages for forex trading varies based on individual trading horizons.

Was this helpful?

308
32
DaeguDivaDanceQueen DaeguDivaDanceQueen Thu Dec 26 2024
For traders with a short-term perspective, certain moving averages are more appropriate.

Was this helpful?

303
20
Lucia Lucia Wed Dec 25 2024
Specifically, the 5, 10, and 20 period moving averages are favored by short-term traders.

Was this helpful?

145
41
amelia_harrison_architect amelia_harrison_architect Wed Dec 25 2024
On the other hand, traders with a longer-term horizon have different needs.

Was this helpful?

371
59
HanRiverVisionary HanRiverVisionary Wed Dec 25 2024
For long-term trading strategies, the 50, 100, and 200 period moving averages are considered optimal.

Was this helpful?

67
97

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts