Death cross is coming! The market trend is reversed, and prices may fall further!
The death cross is a bearish signal that indicates that the market trend has turned from rising to falling. This pattern occurs when the short-term moving average (commonly the 50-day moving average) crosses below the long-term moving average (commonly the 200-day moving average).
The moving average represents the average price level of an asset over a specific period of time, where the 50-day moving average calculates the average closing price of the past 50 trading days, while the 200-day moving average reflects the average closing price of the past 200 trading days.
When the 50-day moving average falls below the 200-day moving average, the so-called death cross is formed. This intersection indicates that the recent price trend is weaker than the long-term trend, which may indicate that prices will fall further.
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