$ZEREBRO The daily chart has moved above MA200 (0.03025), up 49.66% in 24 hours.
Everyone, how should you read moving averages? Here’s the short version👇
To confirm a break above or below, many people use the daily closing price as the deciding factor. It’s common for the price to cross a moving average intraday and then move back across it before the close.
In a sideways market, prices can repeatedly cross moving averages, so signals of a break above or below often don’t work reliably. Moving averages are more useful in trending markets.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#ZEREBRO
Everyone, how should you read moving averages? Here’s the short version👇
To confirm a break above or below, many people use the daily closing price as the deciding factor. It’s common for the price to cross a moving average intraday and then move back across it before the close.
In a sideways market, prices can repeatedly cross moving averages, so signals of a break above or below often don’t work reliably. Moving averages are more useful in trending markets.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#ZEREBRO