$BULLA The daily price is above the MA50 (0.08133).
Where does this number come from?
The slope of the moving average is also worth watching: a price crossing above it while the average is still trending down carries a different weight from one crossing above as the average begins to turn upward.
A moving average is just a line calculated from average prices; it has no special power in itself. Much of the attention it gets is because so many people are watching it.
Comparing multiple indicators is more reliable than looking at just one, but even a wealth of signals can’t provide a definitive answer.
#BULLA
In highly volatile markets, manage your risk first.
Where does this number come from?
The slope of the moving average is also worth watching: a price crossing above it while the average is still trending down carries a different weight from one crossing above as the average begins to turn upward.
A moving average is just a line calculated from average prices; it has no special power in itself. Much of the attention it gets is because so many people are watching it.
Comparing multiple indicators is more reliable than looking at just one, but even a wealth of signals can’t provide a definitive answer.
#BULLA
In highly volatile markets, manage your risk first.