Traders around the world monitor the 200 exponential moving average on a weekly and daily basis. The majority of traders use it as a general trend indicator, where they buy dips when the price is above the 200 EMA. When the price drops below the 200 EMA, sell the rips. Combining Sentiment, Fundamental, and Technical analysis is key, but for a quick visual guide to the direction your set up should go, the 200 EMA is the best indicator.
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