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Golden Cross

By Cryptomcmillan1 | Updated on May 24, 2020
It is a bullish signal in technical candlestick pattern by comparing two lines of short-term moving average and long-term average. It is a golden cross when the short term moving average broke its long-term moving average because it means the short-term momentum is above its long-term momentum. There are three stages to a golden cross, where the first stage is when the downtrend has bottomed out. The second stage is when short-term moving average moves from below to above the long-term moving average. The last one is a sustained uptrend to higher prices. The opposite movement of golden cross is called death cross.

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