The golden cross is a bullish technical indicator that can signal an imminent price action for the asset class. A golden cross generally forms when a faster-moving average crosses the slower moving average. Oftentimes, golden crosses are made with the combination of 50-days moving average and 200-days moving average.
Longer periods always offer more reliable and prominent signals through the golden cross. For short-term traders, it is always advised to use a 100-day moving average, instead of the regular 200-day one. Putting the time period on a 1-hour chart also helps in the process.
Subscribe to our Newsletter
Get the best updates from the Web3 ecosystem & The Dapp List in your inbox every week 👇