Their simplicity highlights specific entry can be highly profitable and theory makes it easier for your decision-making process and maximize their ease of use.
However, it is important to note that no single indicator can guarantee success, and traders should use these tools in conjunction with other analysis methods to make informed trading decisions. There is no one-size-fits-all answer to this question, as the best trading strategy for crypto will depend on an individual trader's preferences, risk tolerance, and trading style. Moving averages smooth out price action by averaging closing prices over set time periods.
