$BNB The daily closing price fell below MA200 (659.085).
Everyone, what is a moving average? Here's a quick explanation 👇
Many people use the daily closing price to determine whether the price is above or below the moving average. It's quite common for the price to cross it during the day and then move back.
In a sideways market, prices often move back and forth across the moving average, so signals that the price has moved above or below it are often false. Moving averages work better in trending markets.
The same reading can mean very different things in different market conditions, so don't apply a single rule blindly.
Everyone, what is a moving average? Here's a quick explanation 👇
Many people use the daily closing price to determine whether the price is above or below the moving average. It's quite common for the price to cross it during the day and then move back.
In a sideways market, prices often move back and forth across the moving average, so signals that the price has moved above or below it are often false. Moving averages work better in trending markets.
The same reading can mean very different things in different market conditions, so don't apply a single rule blindly.
