$ADA The daily price has fallen below MA50 (0.2282).
Let's use this as a chance to break down moving averages.
Moving averages are calculated from past prices, so they inherently lag behind: the longer the period, the smoother the line and the slower it is to turn.
Moving averages are better for gauging the direction of a trend than for finding specific entry and exit points, because they always lag behind the price.
Indicators can fail, so risk management is essential: thinking ahead about what to do if you're wrong is more important than predicting correctly.
#ADA
Let's use this as a chance to break down moving averages.
Moving averages are calculated from past prices, so they inherently lag behind: the longer the period, the smoother the line and the slower it is to turn.
Moving averages are better for gauging the direction of a trend than for finding specific entry and exit points, because they always lag behind the price.
Indicators can fail, so risk management is essential: thinking ahead about what to do if you're wrong is more important than predicting correctly.
#ADA