$JCT daily close fell below MA200 (0.003518), 24h -45.2%.
Everyone, how should we read moving averages? Here’s the short version 👇
One reason long-term moving averages like MA200 get so much attention is that so many people are watching them. When the price approaches one, the reaction is often more pronounced.
Trading volume when the price moves above or below a moving average is also commonly used as a reference: a move on low volume is often more likely to be just a temporary fluctuation.
All data only summarizes past price movements, and the market could very well move in the opposite direction.
Everyone, how should we read moving averages? Here’s the short version 👇
One reason long-term moving averages like MA200 get so much attention is that so many people are watching them. When the price approaches one, the reaction is often more pronounced.
Trading volume when the price moves above or below a moving average is also commonly used as a reference: a move on low volume is often more likely to be just a temporary fluctuation.
All data only summarizes past price movements, and the market could very well move in the opposite direction.