Crypto (and stock) markets are firmly in a Downtrend, trading below their 200-day Moving Averages. (some exceptions here)

In downtrends, traders make money by Short Selling the bounces. (see tutorial video here)

But naturally, we keep an eye on potential trend reversals. And there have been some early signs.

We explained one approach in this recent blog.

But another sign that a trend is reversing from Downtrend to Uptrend is when price crosses above its 200-day Moving Average (200 SMA)

200 SMA is a super critical level. It acts either as support or resistance. Traders pay attention to this level, so when it’s breached, it’s typically very meaningful.

SPS: Price / 200 SMA Crossover

altFINS Screener offers a quick way to find such trade opportunities.

Here’s a custom market scan that finds coins with a recent 200 SMA crossover.

Follow the link, then click on Edit Filter and save it.

You can also create an alert for this filter and receive notifications in your email and mobile app. See how.