🧨 $CYBER The daily chart is above MA200 🔥
Don’t rush—understand moving averages before you act 👇
The so-called golden cross and death cross generally refer to the crossover of the daily MA50 and MA200: when the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These are crossovers between two moving averages, not the same as the price crossing a moving average.
When the price moves too far away from a long-term moving average, it’s often thought likely to revert toward the average. However, during a strong trend, the price can remain far from it for a long time.
Don’t place an order at the very moment the market is moving fastest. Wait for the price action to play out, then decide.
Don’t rush—understand moving averages before you act 👇
The so-called golden cross and death cross generally refer to the crossover of the daily MA50 and MA200: when the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These are crossovers between two moving averages, not the same as the price crossing a moving average.
When the price moves too far away from a long-term moving average, it’s often thought likely to revert toward the average. However, during a strong trend, the price can remain far from it for a long time.
Don’t place an order at the very moment the market is moving fastest. Wait for the price action to play out, then decide.
