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How to use moving averages in an uptrend / downtrend
A trend is series of rising or declining prices over any lenght of time.
An uptrend is a market which seeks consistently higher prices over time.
A downtrend is a market which seeks consistently lower prices over time.
In a uptrend moving averages provide support to the price.
Whereas in a downtrend moving averages provide resistance to the price.
Open the attachment below to understand better.
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