A bullish technical indicator that requires a fast moving average to cut and move above a slower moving average, indicating a positive trend shift.
Moving averages have different use cases when it comes to cryptocurrency technical analysis.
Some traders use them as support if the price sits above them, and resistance if the price does an underside test. The most prevalent use case, however, is to judge trend shift and momentum, if a fast-moving average makes a steep move and cuts a slower-moving average from below, it can indicate a momentum change to the upside.
The golden cross should be used with other indicators for confluence. Higher time frame golden crosses are more reliable than those on low time frames.
