A moving average can act as support or resistance. In an uptrend, a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure.
In an uptrend , a moving average may act as support; like a floor, the price hits the level and then starts to rise again. (1)
In a downtrend , a moving average may act as resistance; like a...
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For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80%
of the few people who read this will have Bull hats...