๐ $JCT is above MA50 (0.001784) on the daily chart, up +81.62% over 24h.
The moving average on the daily timeframe is a line many swing traders watch, but first, letโs understand what it is.
Moving averages are calculated from past prices, so they inherently lag behind: the longer the period, the smoother the average and the slower it reacts.
When the price moves too far from a long-term moving average, itโs often thought to have a tendency to revert toward it. However, when the trend is strong, the price can remain far from the average for a long time.
Learning to read indicators is easy; the hard part is sticking to your rules when the market gets really exciting.
#JCT
This is just an opinion for discussion; you are responsible for your own gains and losses.
The moving average on the daily timeframe is a line many swing traders watch, but first, letโs understand what it is.
Moving averages are calculated from past prices, so they inherently lag behind: the longer the period, the smoother the average and the slower it reacts.
When the price moves too far from a long-term moving average, itโs often thought to have a tendency to revert toward it. However, when the trend is strong, the price can remain far from the average for a long time.
Learning to read indicators is easy; the hard part is sticking to your rules when the market gets really exciting.
#JCT
This is just an opinion for discussion; you are responsible for your own gains and losses.