$HOT The daily chart is above MA200 (0.000373).
Folks, how should you read moving averages? Here’s the short version 👇
Many people use the daily closing price to determine whether the price has moved above or below a moving average. It’s common for the price to cross it during the day and then close back on the other side.
A moving average is simply a line calculated from statistical data. It has no special power in itself; much of its significance comes from the fact that many people watch it.
Using multiple indicators to confirm each other is more reliable than relying on just one, but even more signals can’t provide a definitive conclusion.
#HOT
Folks, how should you read moving averages? Here’s the short version 👇
Many people use the daily closing price to determine whether the price has moved above or below a moving average. It’s common for the price to cross it during the day and then close back on the other side.
A moving average is simply a line calculated from statistical data. It has no special power in itself; much of its significance comes from the fact that many people watch it.
Using multiple indicators to confirm each other is more reliable than relying on just one, but even more signals can’t provide a definitive conclusion.
#HOT
