Market Notes | $EDGE | Daily chart above MA50 | MA50 0.3971
First, a definition: One reason so many people watch long-term moving averages like the MA200 is precisely that so many people are watching them. As a result, price reactions tend to be more pronounced when the price approaches these levels.
A common way to read them: The same moving average can have different reference value for different coins. The more liquid a coin is and the more people watch it, the clearer the fluctuations around its moving average tend to be.
The same reading can mean very different things in different market conditions, so don't blindly apply a single rule.
#EDGE
For record-keeping and sharing only; this is not investment advice.
First, a definition: One reason so many people watch long-term moving averages like the MA200 is precisely that so many people are watching them. As a result, price reactions tend to be more pronounced when the price approaches these levels.
A common way to read them: The same moving average can have different reference value for different coins. The more liquid a coin is and the more people watch it, the clearer the fluctuations around its moving average tend to be.
The same reading can mean very different things in different market conditions, so don't blindly apply a single rule.
#EDGE
For record-keeping and sharing only; this is not investment advice.