4 crypto assets break above key moving average, leaving bitcoin behind via coindesk
typically considered a sign of a healthy marketA moving average is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels.he 200-day moving average is a standard in financial analysis. Put simply
Both pairs trading above the moving average indicates the markets for LTC, BNB, TRX, and MKR are much stronger than those with acceptance above just one trading pair moving average or those with acceptance above neither – most of which fall under the latter category. According to data from CoinMarketCap, the price of BCH/USD would need to increase 124 percent in order to reach its 200-day moving average while EOS/USD would need to increase just 8 percent.resulting in the creation of two new cryptocurrencies, Bitcoin Cash ABC and Bitcoin SV.
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