$BEAT is above MA50 (0.08519) on the daily chart, but the current price of 0.08474 has already fallen back below the moving average.
I used to confuse a price moving above a moving average with a golden cross. I eventually learned that a golden cross is when a short-term moving average crosses above a long-term one—for example, MA50 crossing above MA200. A price moving above a moving average only means it has returned to above that moving average. These two things can happen at the same time, or they can be completely unrelated.
Comparing multiple indicators is more reliable than looking at just one, but even a lot of signals can't give you a definite conclusion.
#BEAT
Don't take what I say as advice.
I used to confuse a price moving above a moving average with a golden cross. I eventually learned that a golden cross is when a short-term moving average crosses above a long-term one—for example, MA50 crossing above MA200. A price moving above a moving average only means it has returned to above that moving average. These two things can happen at the same time, or they can be completely unrelated.
Comparing multiple indicators is more reliable than looking at just one, but even a lot of signals can't give you a definite conclusion.
#BEAT
Don't take what I say as advice.
