$US The daily candle broke below MA200 (0.01739).
Using this data as a starting point, let’s talk about moving averages.
A moving average is the average closing price of the past N candlesticks. Each time a new candlestick forms, the calculation shifts forward by one candle; connecting the values forms the moving average line.
The same moving average can serve different purposes for different coins: the more liquid and widely followed a coin is, the more pronounced the reactions around its moving average tend to be.
Unusually rare readings are often accompanied by greater volatility. At times like these, it’s better to reduce leverage rather than make a large bet.
#US
Using this data as a starting point, let’s talk about moving averages.
A moving average is the average closing price of the past N candlesticks. Each time a new candlestick forms, the calculation shifts forward by one candle; connecting the values forms the moving average line.
The same moving average can serve different purposes for different coins: the more liquid and widely followed a coin is, the more pronounced the reactions around its moving average tend to be.
Unusually rare readings are often accompanied by greater volatility. At times like these, it’s better to reduce leverage rather than make a large bet.
#US