Record: $BULLA daily line closed above MA50 (0.08133).
People often ask what moving averages mean, so here’s my understanding.
The direction of the moving average itself is also worth watching: when the moving average is still declining and price crosses above it, that carries a different weight than when the moving average has already flattened out and price moves above it.
In a sideways market, price often crosses back and forth over the moving average, and in that case the signals of breaking above or below can easily fail; moving averages work better in trending markets.
All indicators describe past price action, and price may always move in the opposite direction at any time.
#BULLA
People often ask what moving averages mean, so here’s my understanding.
The direction of the moving average itself is also worth watching: when the moving average is still declining and price crosses above it, that carries a different weight than when the moving average has already flattened out and price moves above it.
In a sideways market, price often crosses back and forth over the moving average, and in that case the signals of breaking above or below can easily fail; moving averages work better in trending markets.
All indicators describe past price action, and price may always move in the opposite direction at any time.
#BULLA