Indicator notes｜$BNB ｜Daily close breaks below MA50｜MA50 743.072
Definition: On a daily chart, MA200 is the average closing price over the most recent 200 days and is often used as a reference for the long-term trend. MA50 is commonly used to gauge the medium-term direction.
How to read it: An intraday cross and confirmation at the daily close are two different things. It’s more convincing only if, after the daily close, the price remains on that side of the moving average.
Don’t let a single indicator throw off your rhythm, and never gamble borrowed money on a particular prediction.
#BNB
Definition: On a daily chart, MA200 is the average closing price over the most recent 200 days and is often used as a reference for the long-term trend. MA50 is commonly used to gauge the medium-term direction.
How to read it: An intraday cross and confirmation at the daily close are two different things. It’s more convincing only if, after the daily close, the price remains on that side of the moving average.
Don’t let a single indicator throw off your rhythm, and never gamble borrowed money on a particular prediction.
#BNB