Dogecoin: 120 days after Death Cross

3 апр. 2022 г.

Death cross is a graphical pattern in technical analysis that shows the potential for high sales and lower prices.The death cross appears in an asset or index chart when the short-term moving average, the long-term moving average breaks it and goes lower.It has been 120 days now that the 50-day EMA has broken the 200-day EMA downwards.To start a bull market, the 50-day moving average must first be bullish , and when the 50-day moving average crosses the 200-day EMA , a golden cross will occur and the price will accelerate faster.
We now see that the slope 50-day EMA has increased.If the above trend continues,the golden cross will happen soon.