$ENA The daily chart broke below MA200 (0.1323).
Folks, what is a moving average? Here’s a quick explanation👇
When we say the price moves above or falls below a moving average, we mean that it crosses the moving average. This is different from a golden cross or death cross: a golden cross usually refers to a short-term moving average crossing above a long-term one, such as MA50 crossing above MA200; a death cross is the opposite.
Moving averages are useful for identifying the direction of a trend, but not for pinpointing exact entry or exit points, since they always lag behind the price.
The goal of understanding this indicator is to avoid being spooked by the numbers, not to use it to predict whether prices will rise or fall.
Folks, what is a moving average? Here’s a quick explanation👇
When we say the price moves above or falls below a moving average, we mean that it crosses the moving average. This is different from a golden cross or death cross: a golden cross usually refers to a short-term moving average crossing above a long-term one, such as MA50 crossing above MA200; a death cross is the opposite.
Moving averages are useful for identifying the direction of a trend, but not for pinpointing exact entry or exit points, since they always lag behind the price.
The goal of understanding this indicator is to avoid being spooked by the numbers, not to use it to predict whether prices will rise or fall.