Technical Note｜$CYBER ｜Daily close above MA200｜MA200 0.3661
First, a definition: here, “crossing above” or “breaking below” refers to the price crossing a moving average. It’s not the same as a golden cross or a death cross: a golden cross usually means a short-term moving average crossing above a long-term one, such as MA50 crossing above MA200; a death cross is the opposite.
A common way to read it: moving averages are useful for judging trend direction, but not so good at pinpointing specific buy or sell opportunities, because they always lag behind the price.
It’s more reliable to look for confirmation across multiple indicators than to rely on just one, but even multiple indicators can’t provide a definite answer.
#CYBER
First, a definition: here, “crossing above” or “breaking below” refers to the price crossing a moving average. It’s not the same as a golden cross or a death cross: a golden cross usually means a short-term moving average crossing above a long-term one, such as MA50 crossing above MA200; a death cross is the opposite.
A common way to read it: moving averages are useful for judging trend direction, but not so good at pinpointing specific buy or sell opportunities, because they always lag behind the price.
It’s more reliable to look for confirmation across multiple indicators than to rely on just one, but even multiple indicators can’t provide a definite answer.
#CYBER