Market Notes | $BULLA | Daily chart above MA50 | MA50 0.08133
First, a definition: the slope of a moving average is also worth watching. Price crossing above a moving average that is still trending down is not the same as moving above one that has already flattened out.
A common interpretation: the relative positions of short- and long-term moving averages are also often used to gauge the broader trend. A short-term moving average above the long-term one is considered bullish; below it, bearish. However, they both describe past price action.
The same data can mean entirely different things in different market conditions, so don’t blindly apply a rule of thumb.
#BULLA
Don’t take this as investment advice.
First, a definition: the slope of a moving average is also worth watching. Price crossing above a moving average that is still trending down is not the same as moving above one that has already flattened out.
A common interpretation: the relative positions of short- and long-term moving averages are also often used to gauge the broader trend. A short-term moving average above the long-term one is considered bullish; below it, bearish. However, they both describe past price action.
The same data can mean entirely different things in different market conditions, so don’t blindly apply a rule of thumb.
#BULLA
Don’t take this as investment advice.