#TradingTools101

Moving averages are an important analytical tool that provide traders with a broader picture of what is happening in the charts by calculating the average closing price of the BOB Token over a specified period of time. The relationship between short-term and long-term moving averages is crucial in determining the direction of the trend. When the short-term moving average crosses above the long-term moving average, it indicates that the trend is gradually shifting to bullish.

In the one-week candle time frame, the BOB Token is in a neutral direction as the conditions for bullish or bearish are not met based on the relationship of 50-x and 200-x MA with the price.