$ZEC The daily price is above MA50 (1304.05), but the current price of 1301.18 has fallen back below the moving average.
A beginner’s burning question: how do you read moving averages?
On a daily chart, MA200 is the average closing price over the most recent 200 days, and is often used as a reference for the long-term trend; MA50 is commonly used to gauge the medium-term direction.
A moving average is simply a statistically calculated line. It has no special power in itself; it often gets attention because everyone is watching it.
With leveraged positions, first think about whether you can withstand the worst-case outcome, then consider what the indicators are saying.
#ZEC
A beginner’s burning question: how do you read moving averages?
On a daily chart, MA200 is the average closing price over the most recent 200 days, and is often used as a reference for the long-term trend; MA50 is commonly used to gauge the medium-term direction.
A moving average is simply a statistically calculated line. It has no special power in itself; it often gets attention because everyone is watching it.
With leveraged positions, first think about whether you can withstand the worst-case outcome, then consider what the indicators are saying.
#ZEC