Description
⋅ One of my favorite signals which is now a classic is based on MA200.
I discovered this one years ago and it produces great results, a very high level of accuracy.
When MA200 points down, the trading pair tends to go up.
MA200 works as a magnet pulling prices towards this average.
MA200 is the back line on this chart.
Notice how it curved down recently... As this is happening Storj is starting to show reversal signals.
- We have the long-term higher low.
- The strong RSI.
- Trading above EMA10, etc.
As MA200 points down... The trading pair goes up.
Easy 44% on the initial breakout.
More in the weeks to follow.
Namaste.