🐋 $TAO The daily chart has fallen below MA50 (267.292), down 6.62% over 24h.
This is a moving average that many swing traders watch, but first, let’s clarify what it is.
Many people use the daily closing price to confirm whether the price has moved above or below it. It’s common for the price to cross it intraday and then return to its previous side.
The relationship between short- and long-term moving averages is also often used to gauge the trend: short-term averages above long-term averages are seen as bullish, and below as bearish. But they both describe past price movements.
It’s easy to learn how to read indicators; the hard part is still following the rules when emotions are running high.
#TAO
This is a moving average that many swing traders watch, but first, let’s clarify what it is.
Many people use the daily closing price to confirm whether the price has moved above or below it. It’s common for the price to cross it intraday and then return to its previous side.
The relationship between short- and long-term moving averages is also often used to gauge the trend: short-term averages above long-term averages are seen as bullish, and below as bearish. But they both describe past price movements.
It’s easy to learn how to read indicators; the hard part is still following the rules when emotions are running high.
#TAO