XRP Price Retraces After Failing To Clear $2.7, More Losses Ahead?
XRP attempt to break past the $2.7 resistance level has been met with strong selling pressure, forcing the price into a fresh decline. Its failure to sustain bullish momentum has shifted market sentiment, with bears seizing control and pushing the altcoin lower. As a result, traders are now eyeing key support levels to gauge the next move. With technical indicators hinting at growing weakness, further losses risks remain high. If bearish pressure continues, XRP could see an extended drop, testing lower support zones. However, a swift recovery above critical levels could reignite bullish hopes and prevent a deeper correction. Bears Take Control: XRP Move Toward Lower Support Levels XRP’s upside run has lost momentum following a strong rejection at the critical $2.7 resistance level, shifting market control back into the hands of the bears. The inability to sustain an upward breakout has triggered increased selling pressure, forcing the price into a downward trajectory. With bearish sentiment strengthening, XRP is now edging closer to key support zones that might determine the next phase of price action. Technical indicators provide additional confirmation of XRP’s bearish outlook, particularly the fact that the price is trading below the 100-day Simple Moving Average (SMA). The 100-day SMA is often viewed as a crucial long-term trend indicator, and when the price is consistently below this level, it suggests that the overall trend is weakening or shifting to a bearish phase. In conjunction with this, the RSI, which had been attempting to recover, has started to decline again after failing to reach the 50% threshold. This suggests that sellers are gaining the upper hand. If the downward trend continues, XRP could face a test of lower support zones, making the next few trading sessions crucial in determining its direction. Key Support Levels To Watch If Selling Pressure Intensifies As selling pressure intensifies, monitoring key support levels that could determine XRP’s next move has become crucial. The first significant level to watch is the $1.9 support zone, which has previously provided a cushion for the price during pullbacks. A break below this level would signal an acceleration of the negative trend, leading to a test of the $1.7 mark, another critical support area. Should the price fall below $1.7, XRP may find itself in a deeper correction, potentially heading toward the $1.3 support region. However, a surge in bulls’ strength from any of these key support levels would trigger the beginning of a possible reversal for the altcoin. A bounce from the $2.2 or $2.0 support zones might indicate that buyers are stepping in to defend these critical levels, providing enough strength to push the price back toward key resistance zones. Source link
ADA Bullish Momentum Fades As Bears Reclaim Control At $0.8119
Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance. The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the horizon. Market Sentiment Shifts: Bulls Losing Their Grip Cardano’s market sentiment has shifted as bulls appear to be losing their grip on price action, with ADA continuing to trade below the 100-day Simple Moving Average (SMA). This key level has become a barrier that the bulls have yet to break through, indicating weakening buying pressure and increasing dominance from the bears. The failure to reclaim the 100-SMA suggests that the bullish momentum, which initially gained traction, is losing steam, and the market is starting to lean toward a bearish outlook. Further compounding the bearish outlook is the recent movement of the Relative Strength Index (RSI), which has started to drop again before reaching the 50% threshold. Typically, this reflects that buying pressure is fading, and selling momentum is building, adding more weight to the argument that the bulls are losing control. With the price struggling below the 100-SMA and the RSI reflecting weakening momentum, the outlook for ADA remains uncertain. Unless bulls can regain traction and break above the 100-SMA, the asset might face further declines, as bears continue to dominate the market. Key Support Zones In Focus As ADA Faces Bearish Pressure After ADA’s recent struggle at the $0.8119 resistance level, the focus is shifting to crucial support zones that will be vital in determining its next move. As bearish pressure mounts and the price remains under the 100-day SMA, ADA’s ability to hold key support levels is under scrutiny. The immediate support zone to watch is $0.6822, which has previously acted as a critical level for ADA. If the price tests and holds this zone, it could serve as a launching pad for another attempt at the upside. However, if ADA fails to hold $0.6822, attention will turn to the next major support at $0.5229, where a more significant bounce may occur once buying pressure resurfaces. Should these support levels be breached, ADA may face a more extended period of downward movement, with $0.55 emerging as the next line of defense. Source link
BNB Bounce From $500: A Temporary Recovery Or Start Of A Rally?
Este artículo también está disponible en español. BNB has bounced off the crucial $500 support level, sparking speculation about whether this marks the beginning of a bullish resurgence or a temporary relief before another downturn. After facing sustained selling pressure, buyers have stepped in to defend this key level, fueling hopes for a potential recovery. However, with resistance levels still looming, the true strength of this rebound remains uncertain. Market sentiment remains uncertain as bulls attempt to regain control while bears stay cautious. BNB’s next move hinges on breaking key resistance levels and sustaining higher prices. A successful breakout could confirm a bullish continuation, while fading momentum may lead to another rejection and a retest of lower support zones. Technical indicators such as RSI and moving averages will play a crucial role in determining the next move. Bulls may have the upper hand if the RSI trends upward and key levels are reclaimed. On the other hand, if bearish pressure resurfaces, the possibility of further downside cannot be ignored. Analyzing The Buying Pressure On Price Currently, BNB is displaying strong upside movements as it moves toward the $605 resistance level. The coin has been steadily climbing, indicating buyers are regaining control and pushing its price higher. This move comes after a successful rebound from the key $500 support level, which has sparked renewed optimism among traders. Related Reading Despite the ongoing bullish momentum, the price’s position under the 100-day SMA signals that BNB has not yet fully regained a strong positive trend in the longer term. It could also indicate that there is still some selling pressure from bears that might prevent the price from maintaining a steady rise. If BNB continues to trade below this key moving average, it could have difficulty sustaining its current upbeat momentum. The longer it remains below the SMA, the greater the risk of a reversal or consolidation. BNB’s rebound building | Source: BNBUSDT on Tradingview.com Additionally, the RSI (Relative Strength Index) indicator remains in the oversold territory, showing no immediate signs of moving back toward neutral or the overbought zone. An RSI reading below 30% typically implies that the asset is oversold, and there may be more downside potential or a need for price correction. However, the RSI’s failure to exit the oversold zone suggests that the market is still under strain, with bearish pressure possibly outweighing bullish pressure. For the bulls to take control and push BNB higher, the RSI would need to gradually move back above the 30-50% range, triggering a shift toward more balanced market conditions. Is BNB Ready For A Breakout Or Heading For Another Decline? In conclusion, BNB’s current upward movement is an encouraging sign for the bulls, but the real test lies at the $605 resistance level. Should bulls succeed in pushing the price above this level, a stronger rally may follow, resulting in the cryptocurrency testing other resistance levels such as $680 and $724. Related Reading Nevertheless, failure to clear the $605 zone might lead to a consolidation phase or possible pullback to the $531 and $500 support levels. Traders will need to closely monitor market conditions and technical indicators to gauge whether the current bullish sentiment can be sustained. BNB trading at $575 on the 1D chart | Source: BNBUSDT on Tradingview.com Featured image from Shutterstock, chart from Tradingview.com Source link
Uniswap Bears Strike Back: Fresh Decline Begins After $12.3 Barrier Holds
The attempt of Uniswap to break past the critical $12.3 resistance has fallen short, giving bears the upper hand and triggering a fresh decline. Despite bullish efforts to push higher, selling pressure at this key level proved too strong, forcing UNI into a downward move. This failure to sustain gains above $12.3 has raised concerns about a potential deeper retracement, as sellers look to capitalize on the weakness. With bearish pressure mounting, UNI’s price action suggests that bulls may need to regroup before attempting another breakout. Will the token find support and recover, or is a deeper decline on the horizon? Why Bulls Failed To Break $12.3: Market Sentiment Explained Uniswap’s failure to break past the $12.3 resistance level highlights a shift in market sentiment, where bearish pressure outweighed bullish momentum. Despite multiple attempts by buyers to push higher, the resistance proved too strong, leading to increased selling activity. This suggests that traders saw $12.3 as a key take-profit zone, reducing upward strength and allowing bears to regain control. Another factor contributing to the rejection is overall market uncertainty. If broader crypto market conditions remain weak or investors hesitate to commit to higher price levels, bullish breakouts become harder to sustain. Uniswap trading below the 100-day Simple Moving Average (SMA) combined with a weakening RSI indicates significant bearish pressure. The 100-day SMA, often seen as a key indicator of the longer-term trend, suggests that the market sentiment is tilted toward selling. Additionally, the ongoing decline in the RSI indicates that selling pressure is growing stronger. As the indicator drops below the 50% level and moves closer to the oversold zone, it implies that bearish movement is picking up pace. For Uniswap to regain strength, buyers must reclaim momentum and establish strong support to fuel another breakout attempt. Until then, market sentiment leans bearish, keeping the risk of further downside in play. Key Support Levels To Watch As Uniswap Slides As Uniswap slides lower, key support levels will be crucial in determining whether the price can stabilize or if more declines are likely. The first notable support lies around $10.3, which has historically acted as a base for price action. If UNI fails to hold this level, the next area of support to watch is around $8.7, where the price could find more significant buying interest. Should both levels be breached, UNI might face deeper declines, with $6.7 as the next key support level. These support zones will be key indicators for traders looking to determine whether the price can stabilize or if the bearish momentum will continue to drive UNI lower. Source link
Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target
Este artículo también está disponible en español. Crypto analyst CobraVanguard has revealed that the Bitcoin price has entered an ascending phase after a cup and handle formation at the $105,000 level. Based on this bullish pattern, the analyst highlighted the price target that BTC could reach as it enters this ascending phase. Bitcoin Price Could Rally To $123,000 As It Enters Ascending Phase In a TradingView post, CobraVanguard predicted that the Bitcoin price could rally to $123,000 as it enters the ascending phase by the cup and handle pattern. According to the analyst, BTC is in a large cup and handle, and if it follows this pattern, its price will have a nice rally. His accompanying chart showed that the flagship crypto could hit the $123,000 price target. Related Reading The analyst also revealed his golden analysis for the Bitcoin price, in which he revealed that the flagship crypto could rally to as high as $260,000 in this market cycle. His accompanying chart highlighted an ascending channel, which showed that BTC could hit this target if it reached the upper part of the channel. BITC entering into an ascending phase | Source: ConbraVanguard on Tradingview Interestingly, other crypto analysts have provided higher targets for the Bitcoin price in this market cycle. Crypto analyst Tony Severino recently predicted that BTC could reach as high as $321,000 in this cycle. He highlighted a potential head and shoulder pattern on BTC’s chart and stated that the flagship crypto could reach this target if the pattern were valid. He also raised the possibility of the Bitcoin price rallying to $345,000. Severino explained that BTC could reach this ambitious price target if it touches the upper boundary of the primary uptrend channel over the last eight years or thereabouts. Meanwhile, for his more conservative targets, he predicted that Bitcoin’s price could top between $158,000 and $191,000 in this market cycle. Why BTC Hasn’t Reached Its Market Top Yet Amid the bearish signals pointing to a market top, crypto analyst Ali Martinez outlined several reasons why the Bitcoin price still has more room to grow in this bull run. First, he noted that cycle shifts typically occur when BTC surpasses 2.4x the 200-day Simple Moving Average (SMA), which is currently at $184,600. Related Reading Furthermore, Martinez stated that the Mayer Multiple suggests the Bitcoin price has more upside, with a potential market top of around $182,000. From a technical perspective, the crypto analyst highlighted Bitcoin’s cup-and-handle breakout, which points toward a target of $276,400. Lastly, he alluded to the halving cycle theory, which suggests that BTC could reach a market top between May and October 2025. At the time of writing, the Bitcoin price is trading at around $104,700, down almost 1% in the last 24 hours, according to data from CoinMarketCap. BTC trading at $104,170 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com Source link
SUI Strong Resilience Play: Price Push Past $3.9 Resistance
SUI has surged past the key $3.9 resistance level, sparking renewed optimism among traders and investors. This breakout marks a crucial shift in momentum, signaling that bulls are gaining control after a period of consolidation. The increasing buying pressure and strong trading volume indicate growing confidence in SUI’s potential for further upside. If the uptrend continues, SUI could set its sights on higher resistance levels, fueling speculation of a sustained rally. However, maintaining this breakout is essential, as failure to hold above $3.9 might invite selling pressure and lead to a retest of lower support zones. A Step Toward A Larger Bullish Move? SUI’s breakout above the $3.9 resistance level hints at a shift in market dynamics, with bulls gaining strength and momentum building for more upswing. This move marks a key turning point since bullish pressure is increasing and sustaining a prolonged rally. Furthermore, the breakout has reinforced optimistic sentiment, attracting more traders looking to capitalize on SUI’s upward trajectory. If the price remains stable above this level, it could pave the way for a robust move toward higher resistance zones. With technical indicators aligning in favor of continued gains, the token shows signs of a broader uptrend taking shape. SUI approaching the 100-day Simple Moving Average (SMA) suggests that the market is maintaining its positive sentiment, and buyers are continuing to push the price higher. Should SUI successfully hold above this key moving average, it may act as a support level, providing strength to the uptrend. Additionally, the RSI has recently moved into bullish territory, meaning it is above the neutral level of 50% and approaching the upper half of the scale. This indicates that buying pressure is intensifying, as more traders enter the market to push prices higher. When the RSI rises above 50% and heads toward 70%, it suggests that the asset is gaining strength and could have more room to run before it reaches overbought conditions. What’s Next For SUI After Breaking $3.9? After breaking the key $3.9 resistance level, SUI seems poised for additional growth if the bullish momentum continues. The breakout has shifted market sentiment, attracting more buyers and strengthening the asset’s price trajectory. Moving forward, SUI’s next target will likely be higher resistance levels, potentially around $4.9 or $5.3. However, holding above the $3.9 level will be crucial to maintain the current uptrend. If the price drops below this key level, it might signal a pullback and a retest of lower support zones, such as $3.5. A break below $3.5 would cause a shift in market sentiment and a weakness of bullish momentum. Source link
Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me. Source link
XRP Rebound Gains Traction As Bulls Aim To Sustain The Momentum
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me. Source link
SUI Inches Closer To $3.9 Support Under Growing Bearish Influence
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me. Source link
Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me. Source link
Simple Moving Average (SMA) Trading Strategies in Python: A Beginner’s Guide
Young traders often dream of quick profits, but without a solid strategy, many end up losing money. Trading requires discipline, understanding, and the right tools. One such tool is the Simple Moving Average (SMA)—a powerful yet straightforward indicator to help identify trends and make smarter decisions. In this guide, we’ll break down SMA, show how to use it for trading, and demonstrate how to build a Python-based SMA strategy. Whether you’re new to trading or Python, this tutorial will give you actionable steps to get started. What is the Simple Moving Average (SMA)? The SMA is the average price of an asset (like stocks or crypto) over a specific period. For example, a 10-day SMA is the average closing price of the past 10 days. Why is SMA useful? Two key concepts with SMA: Why Use SMA for Wealth Creation? Trading with SMA can prevent emotional decisions. Here’s how it helps: How to Build an SMA Trading Strategy in Python 1. Set Up Your Environment Install the required Python libraries: bashCopy codepip install yfinance pandas numpy matplotlib 2. Fetch Historical Data We’ll use the yfinance library to get stock data: import yfinance as yf def fetch_data(ticker, start_date, end_date): data = yf.download(ticker, start=start_date, end=end_date) return data Call the function: data = fetch_data(“AAPL”, “2020-01-01”, “2023-01-01”) 3. Calculate SMAs Add SMA columns to your data: def calculate_sma(data, short_window, long_window): data[‘SMA_short’] = data[‘Close’].rolling(window=short_window).mean() data[‘SMA_long’] = data[‘Close’].rolling(window=long_window).mean() return data Call the function with a 50-day short SMA and a 200-day long SMA: codedata = calculate_sma(data, 50, 200) 4. Create Buy/Sell Signals Generate trading signals based on SMA crossovers: def generate_signals(data): data[‘Signal’] = 0 data[‘Signal’][data[‘SMA_short’] > data[‘SMA_long’]] = 1 data[‘Signal’][data[‘SMA_short’] <= data[‘SMA_long’]] = -1 return data Apply the function: codedata = generate_signals(data) 5. Backtest the Strategy Evaluate the performance of your strategy: def backtest(data): data[‘Returns’] = data[‘Close’].pct_change() data[‘Strategy’] = data[‘Signal’].shift(1) * data[‘Returns’] data[‘Cumulative_Returns’] = (1 + data[‘Returns’]).cumprod() data[‘Cumulative_Strategy’] = (1 + data[‘Strategy’]).cumprod() return data Run the backtest: data = backtest(data) 6. Visualize the Results Plot the strategy’s performance: import matplotlib.pyplot as plt def plot_results(data): plt.figure(figsize=(12, 6)) plt.plot(data[‘Cumulative_Returns’], label=’Market Returns’, color=’blue’) plt.plot(data[‘Cumulative_Strategy’], label=’Strategy Returns’, color=’green’) plt.legend() plt.title(“SMA Strategy vs Market Performance”) plt.show() plot_results(data) Why Many Traders Fail (and How to Succeed) Many new traders rush into the market without understanding it. Here’s why they fail and how to avoid pitfalls: Tips for Long-Term Wealth Creation Conclusion The Simple Moving Average is a beginner-friendly tool that can help traders identify trends and avoid emotional decisions. By building and backtesting SMA strategies in Python, you can make smarter, data-driven trades. Remember, trading is a skill that requires patience and discipline. Focus on learning and improving, and you’ll build a better relationship with money over time. Start your trading journey today—smartly, patiently, and with purpose. 🚀