RE: Steemit Crypto Academy Contest / S14W5 : Exploring STEEM/USDT Trading
Hello friend greetings to you. Hope are having good time there.
MACD is an analysis tool used by traders to help them analyze the price movements of assets. Yes dear that's true. Traders use it for the technical analysis purposes. MACD is a very easy to use tool, and having good enough result. Then we have Bollinger Bands. It is consists of three lines;The UPPER AND LOWER bands. They are the important one, which are based on the volatility of the asset price, while
the MIDDLE LINE, which indicates the simple moving average.
You have beautifully explained all the other technical analysis tools too, plus the fundamental are well explained too. Everything are well explained through the help of screenshots.
I wish you very best of luck here in the contest.
Hey friend. Thanks for the warm greetings. I'm doing great, hope you're having a good time too.
You're absolutely right about MACD. It's a tool that traders use to analyze how prices move for different assets. It helps with technical analysis, and it's pretty user-friendly. Plus, it gives some solid results.
I'm glad you found my explanations of the other technical analysis tools and fundamentals helpful. I tried my best to make it clear, and those screenshots really came in handy.
Thanks for the well wishes for the contest. I appreciate it. Wishing you the best of luck too, my friend.