$AVAX The daily chart has broken below MA50 (9.5854), with the current price at 9.2.
MA50 represents the medium-term trend. After a break below it, the key question is whether a rebound can reclaim the moving average. If it can't, the moving average shifts from support to resistance.
Moving averages lag—that's normal. Don't expect them to pinpoint the highs and lows. What confirmation do you need before taking action?
MA50 represents the medium-term trend. After a break below it, the key question is whether a rebound can reclaim the moving average. If it can't, the moving average shifts from support to resistance.
Moving averages lag—that's normal. Don't expect them to pinpoint the highs and lows. What confirmation do you need before taking action?