RE: Steemit Crypto Academy Contest / S15W4 - Death Cross Vs Golden Cross
This is the perfect place for taking a long Position. As the name indicates, it's a golden time for the entry into the market. Golden crossover is made when the 50-day moving average crosses the 200-day moving average
The explanation of Golden cross that you have provided is crystal clear and it provides a fair understanding of where to enter in the market
Death Crossover is made 50 simple moving average cross the 200 simple moving average at the downward direction. Golden crossover is made when 50 simple moving average crosses the 200 simple moving average in an upward direction.
The comparison between the death crossover and golden crossover is effectively outlined, emphasizing the selling and buying signals along with the market trends. The clear distinction between the two increases the understanding of these chart patterns.
The trend leads is three types of confirmation. Up Trend, Down Trend, and Side Trend. Let me explain this one by one.
The trend line as an additional indicator for technical analysis is valuable. It adds a practical approach to decision-making by incorporating trends.
Good luck