🚨 $ETH ’s daily chart once rose above the MA50, but at 2555.38, the price is now back below the moving average 👀
Don’t get carried away just yet—understand moving averages first 👇
A moving average is calculated by averaging the closing prices of the most recent N candlesticks. Each time a new candlestick closes, the calculation moves forward by one candle; connecting the values forms the moving average line.
Indicators may be inaccurate, but risk management shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than guessing correctly.
#ETH
Don’t get carried away just yet—understand moving averages first 👇
A moving average is calculated by averaging the closing prices of the most recent N candlesticks. Each time a new candlestick closes, the calculation moves forward by one candle; connecting the values forms the moving average line.
Indicators may be inaccurate, but risk management shouldn’t be skipped: deciding in advance what to do if you’re wrong is more important than guessing correctly.
#ETH