$AKE Daily price fell below MA50 (0.02871), down 32.12% in 24h.
Folks, how should you read moving averages? Here’s the short version👇
The commonly discussed golden cross and death cross usually refer to the daily MA50 and MA200 crossing: when the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These refer to the two moving averages crossing each other—not to the price moving above or below a particular moving average.
A moving average is just a line calculated from average prices. It has no magic powers. It often gets attention simply because so many people are watching it.
Indicators can fail, so don’t skip your stop-loss: thinking ahead about what you’ll do if you’re wrong matters more than guessing whether you’re right.
Just a market update; please make your own trading decisions.
Folks, how should you read moving averages? Here’s the short version👇
The commonly discussed golden cross and death cross usually refer to the daily MA50 and MA200 crossing: when the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These refer to the two moving averages crossing each other—not to the price moving above or below a particular moving average.
A moving average is just a line calculated from average prices. It has no magic powers. It often gets attention simply because so many people are watching it.
Indicators can fail, so don’t skip your stop-loss: thinking ahead about what you’ll do if you’re wrong matters more than guessing whether you’re right.
Just a market update; please make your own trading decisions.