$ETH HAS BEEN AND IS BREAKING THROUGH WITH GOLDEN CROSS (CONFIRMED GOLD🚀).
Golden Cross is a term in technical analysis used to assess the trend of an asset such as stocks, securities, or market indices. A Golden Cross occurs when the short-term moving average (usually the 50-day moving average - MA50) crosses above the long-term moving average (usually the 200-day moving average - MA200).
This is often considered a positive signal, indicating that the price trend is shifting from decreasing to increasing, and may be a good time to buy in. However, like any other technical analysis tool, Golden Cross is not always accurate and should be used in conjunction with other indicators to make effective investment decisions.
#ETHOnTheRise 11.000$
This season if ETH compared to the current price of 3K9.
With a crazy uptrend, a 4x increase is the most reasonable.
Why is it reasonable?
All good things take time.
“Long-term ETH increases are reflected through the following Golden Crosses:
1/ Cross of SMA100 and SMA200 on the weekly timeframe
2/ Cross of SMA50 and SMA200 on the daily timeframe
3/ Cross on the 3-day timeframe
Long-term, ETH has confirmed a bullish trend, while in the short term, it is adjusting. Wait for the short-term adjustment to finish before entering, okay guys 👍.
Look at smaller timeframes for signs that the adjustment is complete and there is buying pressure; that is when you can start to break through into the financial position of electronic 4.0.
Remember, ETH<4K is a gift 🎁.
This article is for reference only, not investment advice.