Silver Cross and Golden Cross are terms used in technical analysis in cryptocurrency markets. These terms refer to the intersections of moving averages on an asset's price chart.
• Silver cross: If the short-term moving average crosses the long-term moving average upwards on the cryptocurrency price chart, it is called a “silver cross”. This usually indicates that the coin is in an uptrend.
• Golden cross: If the long-term moving average crosses the short-term moving average upwards on the cryptocurrency price chart, it is called a "golden cross". This usually indicates that the coin has entered a long-term uptrend. Moving averages are the average of price movements over a given time frame. Therefore, in the cryptocurrency market, the crossing of moving averages is a technical analysis tool used by traders to identify price trends.
