🐋 $US broke below the MA200 on the daily chart (0.01739).
Daily moving averages are levels many swing traders refer to, but first, understand how they’re calculated.
Moving averages can also be viewed as dynamic support or resistance: when the price is above a moving average and then pulls back toward it, many people watch to see whether it holds.
Whether trading volume increases when the price moves above or below a moving average is also often used as a gauge: a move through it on low volume is more likely to be temporary fluctuation.
All indicators describe market movements that have already happened, and the market can move in the opposite direction at any time.
#US
Daily moving averages are levels many swing traders refer to, but first, understand how they’re calculated.
Moving averages can also be viewed as dynamic support or resistance: when the price is above a moving average and then pulls back toward it, many people watch to see whether it holds.
Whether trading volume increases when the price moves above or below a moving average is also often used as a gauge: a move through it on low volume is more likely to be temporary fluctuation.
All indicators describe market movements that have already happened, and the market can move in the opposite direction at any time.
#US