Chart Notes | $XRP | Daily close below MA200 | MA200 1.2725
Definition: Moving averages come in two types: simple and exponential. Here, MA usually refers to the arithmetic average, with each candlestick weighted equally; EMA gives more weight to recent prices.
How to read it: An intraday crossing and confirmation at the close are two different things. It is more informative when, after the daily close, the price remains on the other side of the moving average.
Understanding this indicator is meant to help you avoid being spooked by a single number, not to predict whether prices will rise or fall.
Definition: Moving averages come in two types: simple and exponential. Here, MA usually refers to the arithmetic average, with each candlestick weighted equally; EMA gives more weight to recent prices.
How to read it: An intraday crossing and confirmation at the close are two different things. It is more informative when, after the daily close, the price remains on the other side of the moving average.
Understanding this indicator is meant to help you avoid being spooked by a single number, not to predict whether prices will rise or fall.