Technical trading can be somewhat daunting for newer cryptocurrency investors. And, to be honest, there is a bit of a learning curve. Yet there are also some widely-used indicators that are both highly useful and extremely simple to understand.
And perhaps no indicator better fits this description than the simple moving average.
If you’re a relative newcomer to cryptocurrency trading, it’s natural to feel a bit intimidated by the thought of using technical analysis. At first glance, technical trading is a discipline that features a lot of unusual jargon and some fairly advanced-sounding concepts.
Yet the truth is that almost anyone can become an effective technical trader — you just need to build a proper foundation by learning the basics. Once that foundation is in place, even the more sophisticated analytical indicators will become fairly simple to grasp, allowing you to trade with a powerful new set of tools at your disposal.