Uma Update: How To Use Moving Averages For Trading SuccessThe moving averages can be an excellent tool for trading, you can use them to confirm where the market is headed next. I no longer use them as often as before but you can use them all the time to know which pair is weak and which one is strong.
When the action is happening daily above EMA55/EMA89, the bullish bias is confirmed mid-term. When the action is happening daily above MA200, long-term growth is possible. And it keeps on going with the shorter and longer EMAs.
I just mentioned EMA89 looking at Compound (COMPUSDT), the same signal is present here.
UMAUSDT produced three days green with really high volume. It was removing EMA89 as resistance, now it trades above this level which signals that the mid-term bullish bias is fully confirmed.
Without the EMAs plotted on the chart, we have this:
The last three days look like nothing special, just a small advance. But, when the moving averages are on, you know the bulls have taken control and it makes it easy to go LONG.
See the chart:
Now you know, we are set for long-term growth. It is not me saying it, this is the message coming from the chart. I am translating the chart. The chart is saying up.
Everything I share is data supported, it is all based on the actual market, that is why we produce such a high success rate. 100% data supported analysis. Simply the best. Don't you agree?
Thank you for reading.
Namaste.
