Indicator Notes | $ENA | Daily close below MA50 | MA50: 0.1957
First, the definition: A moving average is the average closing price of the past N candlesticks. It moves forward by one candlestick each time a new one forms; connecting the values creates a moving average line.
Next, how to read it: When the price moves too far from a long-term moving average, it is often seen as having the potential to revert toward the average. But when the trend is strong, this divergence can last a long time.
Understanding this indicator helps you avoid being misled by a single number. It is not a tool for precisely calculating market tops and bottoms.
#ENA
In highly volatile markets, manage risk first.
First, the definition: A moving average is the average closing price of the past N candlesticks. It moves forward by one candlestick each time a new one forms; connecting the values creates a moving average line.
Next, how to read it: When the price moves too far from a long-term moving average, it is often seen as having the potential to revert toward the average. But when the trend is strong, this divergence can last a long time.
Understanding this indicator helps you avoid being misled by a single number. It is not a tool for precisely calculating market tops and bottoms.
#ENA
In highly volatile markets, manage risk first.