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RE: Steemit Crypto Academy Contest / S14W5 : Exploring STEEM/USDT Trading
Hello friend greetings to you. Hope are having good time there.
MACD stands for Moving Average Convergence Divergence. You said It's a very much helpful tool for the traders who trade here. Yes dear it's two moving lines give us surety about our trade. You have beautifully explained all the other technical analysis tools. Though these are the some basic tools, but I believe they give us too much confirmation in normal market.
Along with technical analysis, I think fundamental is too much important too. We should notice all the fundamental news about Steem coin so we can predict it's future price.. Any great development can have too many good effects on steem coin price.
I wish you very best of luck here in the contest.