$AKE The daily close fell below MA200 (0.009991), down 19.84% in 24h.
When I first got into crypto, I couldn't tell the difference between the price moving above a moving average and a moving-average golden cross. I eventually figured it out: a golden cross is when a short-term moving average crosses above a long-term moving average, such as MA50 crossing above MA200. The price moving above a moving average simply means the price has moved back above that average. The two things can happen at the same time, but they can also be completely unrelated.
The relative positions of short- and long-term moving averages are often used to gauge the broader trend: when the short-term average is above the long-term one, it suggests strength; when it's below, it suggests weakness. However, both describe price movements that have already happened.
Learning to read indicators is easy. The hard part is still following your rules when the market is at its most exciting.
#AKE
When I first got into crypto, I couldn't tell the difference between the price moving above a moving average and a moving-average golden cross. I eventually figured it out: a golden cross is when a short-term moving average crosses above a long-term moving average, such as MA50 crossing above MA200. The price moving above a moving average simply means the price has moved back above that average. The two things can happen at the same time, but they can also be completely unrelated.
The relative positions of short- and long-term moving averages are often used to gauge the broader trend: when the short-term average is above the long-term one, it suggests strength; when it's below, it suggests weakness. However, both describe price movements that have already happened.
Learning to read indicators is easy. The hard part is still following your rules when the market is at its most exciting.
#AKE
