$ICNT ｜Daily price above MA200｜MA200 0.1999
Before considering position size, first understand moving averages.
On the daily chart, MA200 is the average closing price over the most recent 200 days and is often seen as a dividing line for the long-term direction. MA50 is often used to gauge the medium-term trend.
In choppy markets, prices often move back and forth across moving averages, so signals that the price has moved above or below them are often false. Moving averages are more useful in trending markets.
All indicators describe past market movements; prices can move in the opposite direction at any time.
Before considering position size, first understand moving averages.
On the daily chart, MA200 is the average closing price over the most recent 200 days and is often seen as a dividing line for the long-term direction. MA50 is often used to gauge the medium-term trend.
In choppy markets, prices often move back and forth across moving averages, so signals that the price has moved above or below them are often false. Moving averages are more useful in trending markets.
All indicators describe past market movements; prices can move in the opposite direction at any time.