đ $AVAX Daily close below MA200 (8.1191), 24h -2.68%.
Many medium- and long-term investors keep an eye on this moving average, so letâs first understand what it is.
One reason long-term moving averages like MA200 are so widely watched is that so many people follow them. When the price approaches this line, volatility often becomes more pronounced.
Crossing it intraday and confirming the move at the close are two different things: itâs more convincing if the price is still on the other side of the moving average after the daily candle closes.
The point of understanding an indicator is to be less spooked by numbers, not to use it to predict price movements accurately.
#AVAX
Many medium- and long-term investors keep an eye on this moving average, so letâs first understand what it is.
One reason long-term moving averages like MA200 are so widely watched is that so many people follow them. When the price approaches this line, volatility often becomes more pronounced.
Crossing it intraday and confirming the move at the close are two different things: itâs more convincing if the price is still on the other side of the moving average after the daily candle closes.
The point of understanding an indicator is to be less spooked by numbers, not to use it to predict price movements accurately.
#AVAX
