FUNCTIONS OF THE 18EMA AND 8EMA
EMA(EXPONENTIAL MOVING AVERAGE):-
When the moving averages cross to the downside there’s always every possibility
that the trend has changed it’s direction that is, it is used to spot trend
reversals(short, medium and long term trends).
The moving averages can also be used as dynamic support and resistance, in the
sense that if price is in an uptrend price is likely to bounce off the moving averages
as a pull back and continue it’s trend.
The moving averages crossed to the downside and the trend changed from an
uptrend to a downtrend. Another confluence is that the trend line was also broken