In this post I have shared some of the best indicators which will help in taking your trades and for proper investments. Note that these indicators will help you 50% of your work and you can guess about the market trend.
These are the indicators which I surely say that 80% of the people are using and that 70-80% of the market behaves based on these indicators.
Therefore it is better to learn and know about these indicators if you want to trade. Also one thing to keep in mind that these indicators are not 100% accurate but there are sometimes bugs.
EMA (Exponential Moving Averages):
EMA (7) and EMA (25) are very important for the trading, these acts like a line and if the price crosses above or below the lines then it will show you the trend of the market.
EMA (99) is special for telling the trend line. whenever the candles closes above the EMA99 then it indicates for the bullish move and when the candles closes below EMA 99 line then it give you a bearish signal.
RSI (Relative Strength Index):
RSI works with numbers, if RSI is at 30 or below it indicate a buy signal, when it is above 70 it indicates the sell signal. The number between 30-70 indicates sideways market.
MACD (Moving Average Convergence Divergence):
MACD lines are close to crossing over and trying to move into the positive area. If this crossover happens upwards, it could indicate an upward trend otherwise downward trend.
Support and Resistance Levels:
The level where buyers are more active is the support zone and the level where sellers are active is the resistance zone.
Summary: You can use all of these indicators for your trades and if all of these indicators give any signal of long and short then you go blindly for that trade and it will give you profit.
What do you people think about these indicators, have you ever used these indicators? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
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Best Wishes.