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Golden Cross.
The golden cross occurs when a short-term MA crosses over a long-term one to the upside, signaling to traders to expect a strong bullish upward move in an asset’s price.
There are two main requirements to a golden cross with the first being an end to a sharp downtrend due to seller exhaustion, meaning the downward pressure from sellers in the market has abated. The second requirement is for the short-term MA to rise above the long-term MA, typically the 50-period and 100-period MAs.
The golden cross is best used for analyzing long time frames compared to the monthly, weekly and daily charts.
Golden Cross.
The golden cross occurs when a short-term MA crosses over a long-term one to the upside, signaling to traders to expect a strong bullish upward move in an asset’s price.
There are two main requirements to a golden cross with the first being an end to a sharp downtrend due to seller exhaustion, meaning the downward pressure from sellers in the market has abated. The second requirement is for the short-term MA to rise above the long-term MA, typically the 50-period and 100-period MAs.
The golden cross is best used for analyzing long time frames compared to the monthly, weekly and daily charts.
