<center>https://mentormarket.io/wp-content/uploads/2019/04/steem-1.png</center> <br/><p>The Guppy Multiple Moving Average (GMMA), developed by Daryl Guppy, an Australian trader is a technical indicator that identifies changing trends.&nbsp; The GMMA combines two groups, a short-term and long-term set of moving averages with different time periods.</p>
<p>Another great feature of the GMMA is its ability to detect the strength of the trend. If the separation of the moving averages are wide, you typical have a strong trend. </p>
<p> If the separation of the moving averages, typically denotes a weak trend.  Lastly, no trend is denoted by the moving averages being flat/horizontal. </p>
<p>Yesterday, I talked about article from Coindesk regarding the Guppy and Bitcoin. </p>
<blockquote class="wp-block-quote"><p>Bitcoin’s “super guppy” indicator has turned green for the first time since January 2018 in a signal confirmation of bull bias on the daily chart.</p>
</blockquote>
<img src="https://steemitimages.com/640x0/https://mentormarket.io/wp-content/uploads/2019/04/image-196.png" alt="" />
<blockquote class="wp-block-quote"><p>The shift is a welcome development for the bulls, who’ve managed to steer prices away from the recent monthly low of $3,194, last seen four months ago in December 2018, all the while slowly mounting pressure against the bears.</p>
</blockquote>
<p><a href="https://www.coindesk.com/bitcoins-super-guppy-price-indicator-flips-bullish-in-first-since-early-2018">Source</a></p>
<p>So I want to see if the Guppy works on Steem and what I discovered is the chart formation looks just like Bitcoin.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-232-1024x501.png" alt="" class="wp-image-15354" />
<p>Although the Gupply is showing bullishness, price is between daily supply and demand at the moment. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-233-1024x502.png" alt="" class="wp-image-15355" />
<p>If price is going to move higher, price needs to close and stay above the 200 day moving average (yellow line)  because right now it's serving as resistance. </p>
<p>This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. </p>
<p></p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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