In addition to the simple moving average (SMA), traders also use the exponential moving average (EMA). For example, a 12-day simple moving average for NMS is a sum of NMS’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for NMS over a selected time period. Moving averages are among the most popular Nemesis price prediction tools. When trying to predict the Nemesis price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. ![]() ![]() Nemesis traders use a variety of tools to try and determine the direction in which the NMS market is likely to head next.
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