Just saw: $AAVE broke below MA200 (109.871) on the daily chart.
People often ask what moving averages mean, so here's my take.
Moving averages are often viewed as dynamic support or resistance: when the price is above a moving average and then pulls back toward it, many people watch to see whether it holds.
A moving average is just a line calculated from statistics. It has no magic of its own. To a large extent, it is considered important because so many people watch it.
All data summarizes past price movements, and the market can move in the opposite direction at any time.
#AAVE
People often ask what moving averages mean, so here's my take.
Moving averages are often viewed as dynamic support or resistance: when the price is above a moving average and then pulls back toward it, many people watch to see whether it holds.
A moving average is just a line calculated from statistics. It has no magic of its own. To a large extent, it is considered important because so many people watch it.
All data summarizes past price movements, and the market can move in the opposite direction at any time.
#AAVE
