Market Notes｜$JCT ｜Daily close below MA200｜MA200 0.003518
Definition: On a daily chart, MA200 is the average closing price over the most recent 200 days. It is often used as a reference for the long-term direction; MA50 is commonly used to gauge the medium-term trend.
How to read it: The same moving average can have different value as a reference for different coins. The more actively traded a coin is and the more people watching it, the more noticeable the price fluctuations around its moving average tend to be.
Indicators can fail, so risk management should never be overlooked. Thinking in advance about what to do if your judgment is wrong matters more than whether your prediction is accurate.
#JCT
Stay calm and don't get carried away.
Definition: On a daily chart, MA200 is the average closing price over the most recent 200 days. It is often used as a reference for the long-term direction; MA50 is commonly used to gauge the medium-term trend.
How to read it: The same moving average can have different value as a reference for different coins. The more actively traded a coin is and the more people watching it, the more noticeable the price fluctuations around its moving average tend to be.
Indicators can fail, so risk management should never be overlooked. Thinking in advance about what to do if your judgment is wrong matters more than whether your prediction is accurate.
#JCT
Stay calm and don't get carried away.
