CARDANO Weekly Golden Cross
The chart speaks for itself.EMA 7 EXCEED EMA 200, weekly. Strong support, 0,6510- 0, 648. Confiramation on MA 0,70657 surpass.
Ex.:
Upward momentum is confirmed with a bullish crossover, which occurs when a short-term moving average crosses above a longer-term moving average. Conversely, downward momentum is confirmed with a bearish crossover, which occurs when a short-term moving average crosses below a longer-term moving average.
A golden cross is a chart pattern in which a short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average such as the 15-day moving average, breaking above its long-term moving average, such as the 50-day moving average. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
TRADE AND
Don't forget SL!
Ex.:
Upward momentum is confirmed with a bullish crossover, which occurs when a short-term moving average crosses above a longer-term moving average. Conversely, downward momentum is confirmed with a bearish crossover, which occurs when a short-term moving average crosses below a longer-term moving average.
A golden cross is a chart pattern in which a short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average such as the 15-day moving average, breaking above its long-term moving average, such as the 50-day moving average. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
TRADE AND
Don't forget SL!
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