The last time the 55 and 100 EMA's crossed up was on 7 April 2019.
Recently they have crossed up again, and we'll see what kind of effect this has on the bitcoin price over the next few months - of what could be a sustained bull run.
short insight here. As you can see, our previous bottom before dropping to 3k at the end of 2018 has become our triple bottom and the uptrend has now carried through. We have moved equal volume as the run up in July 2019 and our 50MA is is looking to get with that 200MA to make sweet love.
I believe we will fall to 8.2 - 8.3 k to find our support levels from...
Waiting for confirmation of a breakout from this inv h&s before attempting any sort of long here...the possibility of a fakeout right in his neckline zone is still very good as well so its best to await clear confirmation one way or the other. If it does trigger a bullish breakout of this pattern however it's very likely that we would see a golden cross on the...
Exciting to see that it seems inevitable we will see the golden cross on xrpusd come wednesday. A small retracement on tuesdays candle is not a bad thing as it brings price action closer to the golden cross for the time it occurrs which usually tends to give it better odds of being a sustained golden cross. We might not see price action respond immediately but it...
BTCUSD continues to climb and plenty of weak hands have been taking profits prematurely and missing out when it continues to pump. They fail to see how we could raise 78% from the point of our golden cross before any serious correction which is around 9.6k. That's because they aren't looking at the fact that btcusd did exactly that at the beginning of the previous...
must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a...
Seeing a golden cross on the daily ETH USD chart should be a long term bullish signal, meaning that for the next several months prices should move higher on average for ETH.
LTC experienced a golden cross several weeks ago and prices almost doubled from that point on.
Will ETH achieve the same results?
#notfinancialadvice
What a great and complicated chart to make some analysis on.
Let's start.
First of all: nothing to worry, yet.
We made 10 consecutive days with a single retracement, starting around 4100$ up to 5400$.
A correction here is not only healthy, it's necessary!
As you can see from the chart, we were following a well structured channel, and today we clearly broke it,...
Just a snapshot of the daily LTC chart against USD and how previously golden cross and death cross proved to be strong indicators for trend changes.
If the recent golden cross provides the same result, we're in for much higher prices in the coming months.
#notfinancialadvice
I appears that the stoch rsi is finding excellent support on the strong ascending 3 year old trendline keeping momentum bullish for now and has helped to increase the northern trajectory of the 1 day 50ma(in orange) to where we currently have a golden cross on track for as early as April 11th. Of course any significant selling from now until then will likely push...
We can see after the recent bullish breakout from the rising wedge we were in that BTC has finally achieved the ever elusive 1 day higher high a crucial move necessary to jumpstart the next bullmarket. We of course are eventually anticipating a higher low to follow it but we may keep forming this higher high a leg or 3 more upward before correcting downward to...
Golden cross just occured for EOS vs USD. If we find support at or above $4.62 (previous long-term support), we can be sure a nice rally will follow! However, it might just skip finding support around $4.62 and go straight into a small to medium parabolic move, returning to find support at another previously strong level that coincides somewhat with one of the fib...
As we can see clearly on chart, orange line (50-day Moving Average) crossed green line (200-day Moving Average), which is called "Golden Cross" in literature.
RSI Momentum seems bullish as well.
I'm expecting a nice, satisfactory bull run from $MTL.
Not an investment advice, please do your own research before investing.
The S&P 500 index will form a golden cross formation on or about March 29th, this Friday. This is a bullish indicator when the 200 day moving average crosses the 50 day average after forming a death cross previously. A death cross is the opposite of what we're seeing here, where the 50 day MA crosses under the 200 day, which is a bearish indicator.
To identify a Golden Cross , the following usually takes place:
1. There is a downward trend is occurring but is on its last legs because interest in selling declines and eventually begins to be overpowered by stronger buying interest.
2. The emergence of a new trend . It is all about the breakout of the new trend, when the short-term average crosses from...
We're seeing a Golden cross (50 up through 200MA) on daily chart on LTC, typically this is a longer term bullish signal meaning that in the coming months LTC should move quite a bit higher.
#notfinancialadvice
