Golden Cross
Golden Cross is a term used in technical analysis and refers to a formation that occurs when an asset s short-term moving average (for example, the 50-day moving average) rises above its long-term moving average (for example, the 200-day moving average).
This is a situation where the uptrend is strengthening and signals a possible price increase. Golden Cross is a technical analysis term widely used in the crypto market and other financial markets. This term refers to the period of time in which an asset s short-term moving average (usually 50 days) rises above its long-term moving average (usually 200 days). Golden Cross is considered an important trading signal as this movement on the price chart indicates an upward change in the current trend. When the short-term moving average crosses the long-term moving average upward, it means that the asset price is in an upward trend in the short term and a possible price increase is possible. Therefore, the Golden Cross is often considered a buy signal and taken into consideration by investors. On the other hand, in the opposite case (where the long-term moving average crosses the short-term downwards), it is called a Dead Cross or Death Cross and is usually interpreted as a sell signal.
