$CYBER The daily chart moved above MA200 (0.3661), with a 24h gain of +55.2%.
Let's use this data to talk about moving averages.
On a daily chart, MA200 is the average closing price over the past 200 days and is often viewed as a reference line for the long-term direction; MA50 is commonly used to gauge the medium-term trend.
When the price moves too far from a long-term moving average, it's often thought to have a tendency to revert toward it. However, during a strong trend, this divergence can also persist for quite a long time.
Don't let a single indicator disrupt your original strategy, and don't gamble borrowed money on a reading.
#CYBER
Let's use this data to talk about moving averages.
On a daily chart, MA200 is the average closing price over the past 200 days and is often viewed as a reference line for the long-term direction; MA50 is commonly used to gauge the medium-term trend.
When the price moves too far from a long-term moving average, it's often thought to have a tendency to revert toward it. However, during a strong trend, this divergence can also persist for quite a long time.
Don't let a single indicator disrupt your original strategy, and don't gamble borrowed money on a reading.
#CYBER