Quick note: $HAEDAL ’s daily chart is above MA200 (0.02158), up 29.04% in 24h.
People often ask what moving averages mean. This is how I understand them.
A moving average is the average closing price of the most recent N candlesticks. With each new candlestick, the window shifts forward by one, and connecting the averages forms the moving average line.
Moving averages are useful for judging the direction of a trend, but not so good at pinpointing exact entry and exit points—after all, they always lag behind the price.
The same data can mean completely different things in different market conditions, so don’t blindly apply a single rule of thumb.
#HAEDAL
People often ask what moving averages mean. This is how I understand them.
A moving average is the average closing price of the most recent N candlesticks. With each new candlestick, the window shifts forward by one, and connecting the averages forms the moving average line.
Moving averages are useful for judging the direction of a trend, but not so good at pinpointing exact entry and exit points—after all, they always lag behind the price.
The same data can mean completely different things in different market conditions, so don’t blindly apply a single rule of thumb.
#HAEDAL