$ERA The daily price is above MA200 (0.09003).
Let's break this number down.
The moving average's own direction is also worth watching: a price moving above it while the average is still trending downward carries a different significance from one moving above it after the average has flattened out.
When the price moves too far from a long-term moving average, it's often seen as potentially reverting toward the average. However, when the trend is strong, the deviation can also persist for quite a while.
It's more prudent to look for confirmation from multiple indicators than to rely on just one, but no number of signals can provide a definitive answer.
#ERA
Let's break this number down.
The moving average's own direction is also worth watching: a price moving above it while the average is still trending downward carries a different significance from one moving above it after the average has flattened out.
When the price moves too far from a long-term moving average, it's often seen as potentially reverting toward the average. However, when the trend is strong, the deviation can also persist for quite a while.
It's more prudent to look for confirmation from multiple indicators than to rely on just one, but no number of signals can provide a definitive answer.
#ERA