$AKE | Daily price breaks below MA200 | MA200 0.009991
What is a moving average? The slope of the moving average itself is also worth watching: price crossing above it while the average is still falling means something different from price rising above it after the average has flattened out.
When price moves too far from a long-term moving average, it is often seen as likely to revert toward the average. However, when the trend is strong, price can remain far from it for quite a long time.
Having multiple indicators confirm one another is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
#AKE
What is a moving average? The slope of the moving average itself is also worth watching: price crossing above it while the average is still falling means something different from price rising above it after the average has flattened out.
When price moves too far from a long-term moving average, it is often seen as likely to revert toward the average. However, when the trend is strong, price can remain far from it for quite a long time.
Having multiple indicators confirm one another is more reliable than looking at just one, but even more indicators cannot provide a definitive conclusion.
#AKE