6 Golden Cross Patterns: Trade Like a Pro

 

1. There are two types of golden crosses, above the zero axis and below the zero axis. If the golden cross formed below the zero axis, it indicates the trend just turned from falling to rising. In addition, this could be the market adjustment, but if the golden cross appears, the probability of an upward trend is highly possible.
2. If the MCAD forms a golden cross above the zero axis, it is the best opportunity.
3. If the golden cross appears below the zero axis and multiple bottom divergences also appear, it indicates a better opportunity. At this time, buying the suitable coin is always profitable. Below the zero axis, only two divergences are possible, and a third is rare. After the second divergence, if a golden cross appears, it is a good opportunity to participate.
4. The appearance of a golden cross indicates that the trend has just changed from falling to rising. Whenever a golden cross appears after the rapid decline, or two golden crosses form in between 30 days. It is the indication the price will go higher, and it is highly possible that the upward trend breaks the previous records.
5. In case of two golden crosses appear below the zero axis, and the time between the two is less than 30 days, it is highly possible that the second golden cross will become the quick upward trend. So, do not lose this opportunity.
6. If the MCAD chart shows shrinking red bars and there is no death cross, it shows the small uptrend. If the golden cross appears on the zero axis within a short period of time, the probability of an upward trend is highly possible.

In summary, the above six golden cross patterns have been verified many times. For crypto coins, these are the best opportunities to participate, but participate at your own risk, and don’t forget to use the stop loss. Thanks for reading this tutorial.