GOLDEN CROSS: Marks the beginning of an upward trend and occurs when the 50-period MA (blue color 🔵) crosses above the 200-period MA (yellow color 🟡).
BITCOIN ( $BTC )
Let's start with the King of Kings, its Golden Cross occurred a few days ago.
1. For example, in this previous Golden Cross in BTC, we can see how the price began a clear upward trend on the daily chart:
2. In this current Golden Cross in BTC, we can see the beginning of an upward trend on the daily chart:
BNB Smart Chain ( $BNB )
1. In a previous Golden Cross, the price of BNB began to undergo a clear upward trend on the daily chart:
2. In the current Golden Cross, on the daily chart, BNB has already started a new upward trend:
To conclude, many altcoins are in the same situation as CARDANO, where the Golden Cross of MA on the daily chart has not yet occurred, but it is very close to marking the beginning of an upward trend.
CARDANO ( $ADA )
1. We can see that there are still a few days left for the Golden Cross to occur between the 50-period MA (green color 🟢) and the 200-period MA (fuchsia color 🟣) on the daily chart:
What to expect then?
Check if your favorite altcoins are, like CARDANO, in the stages prior to a Golden Cross on the daily chart. This ensures that you are still on time to enter the altcoin market at bargain prices, or to accumulate more to be better positioned in the next Bull Market.
* The most professional thing you can do right now is to check market entry patterns. Many altcoins are at ideally low prices. ◽
🔔 Good luck with your trading! 💰💰💰
