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TagsWhat is the impact of Nasdaq's 200-week moving average on cryptocurrency prices?
Nithin NavdeepFeb 19, 2022 · 3 years ago1 answersHow does the 200-week moving average of Nasdaq affect the prices of cryptocurrencies? Can this indicator be used to predict price movements in the cryptocurrency market?
1 answers
- As an expert at BYDFi, I can say that the 200-week moving average of Nasdaq does have an impact on cryptocurrency prices. However, it's important to understand that the cryptocurrency market is highly volatile and influenced by various factors. While the 200-week moving average can provide some insights into long-term trends, it should not be solely relied upon for making investment decisions. Traders and investors should consider a combination of technical analysis, fundamental analysis, and market sentiment to get a more comprehensive view of the cryptocurrency market and make informed decisions.Feb 19, 2022 · 3 years ago
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