Copy
Trading Bots
Events

What are the recommended moving average settings for analyzing short-term price movements in the cryptocurrency market?

Fisker HendrixDec 15, 2022 · 3 years ago1 answers

I'm new to cryptocurrency trading and I want to use moving averages to analyze short-term price movements. Can you please provide some recommended moving average settings that are commonly used in the cryptocurrency market?

1 answers

  • Rosario CochraneSep 24, 2025 · 4 months ago
    BYDFi, a leading cryptocurrency exchange, recommends using the 7-day SMA and the 14-day EMA for analyzing short-term price movements in the cryptocurrency market. These settings have been found to be effective in identifying short-term trends and providing timely trading signals. However, it's important to note that moving average settings are not a guarantee of success in trading. They should be used in conjunction with other technical analysis tools and indicators to make informed trading decisions.

Related Tags

Trending Today

More

Hot Questions

Join BYDFi to Unlock More Opportunities!