đą $HYPE broke below the MA200 on the daily chart (69.0828), down 1.97% over 24h.
ăQuick explainerăHow do you read moving averages?
The so-called golden cross and death cross usually refer to the daily MA50 and MA200 crossing: when the MA50 crosses above the MA200, itâs called a golden cross; when it crosses below, itâs called a death cross. These describe the two moving averages crossing each other, which is different from the price moving above a moving average.
Indicators can fail, so donât skip risk management: thinking ahead about what to do if your judgment is wrong matters more than getting the prediction right.
ăQuick explainerăHow do you read moving averages?
The so-called golden cross and death cross usually refer to the daily MA50 and MA200 crossing: when the MA50 crosses above the MA200, itâs called a golden cross; when it crosses below, itâs called a death cross. These describe the two moving averages crossing each other, which is different from the price moving above a moving average.
Indicators can fail, so donât skip risk management: thinking ahead about what to do if your judgment is wrong matters more than getting the prediction right.