$US Daily chart closes above MA200 (0.01724), up 103.9% in 24h.
Let’s use this data to talk about moving averages.
Moving averages are calculated from past prices, so they inherently lag: the longer the period, the smoother the line and the slower it is to turn.
When the price moves too far from a long-term moving average, it’s often thought likely to move back toward it. But when the trend is strong, the price can remain far from the average for quite some time.
Don’t change your original plan because of a single indicator, and don’t use borrowed money to test a reading.
#US
Just a market note. Please make your own trading decisions.
Let’s use this data to talk about moving averages.
Moving averages are calculated from past prices, so they inherently lag: the longer the period, the smoother the line and the slower it is to turn.
When the price moves too far from a long-term moving average, it’s often thought likely to move back toward it. But when the trend is strong, the price can remain far from the average for quite some time.
Don’t change your original plan because of a single indicator, and don’t use borrowed money to test a reading.
#US
Just a market note. Please make your own trading decisions.