$ZEC The daily chart has broken below MA50 (1214.4).
Guys, what are moving averages? Here’s the short version 👇
On the daily chart, MA200 is the average closing price over the past 200 days and is often seen as the dividing line between bull and bear trends. MA50 is often used to gauge the medium-term trend.
An intraday cross and holding on the other side at the close are two different things: it’s more convincing when the price is still on the other side of the moving average after the daily close.
It’s far more reliable to work out your position size based on where you place your stop-loss than to size your position by feel.
#ZEC
Guys, what are moving averages? Here’s the short version 👇
On the daily chart, MA200 is the average closing price over the past 200 days and is often seen as the dividing line between bull and bear trends. MA50 is often used to gauge the medium-term trend.
An intraday cross and holding on the other side at the close are two different things: it’s more convincing when the price is still on the other side of the moving average after the daily close.
It’s far more reliable to work out your position size based on where you place your stop-loss than to size your position by feel.
#ZEC