▪️Crypto & Forex Signals Direct To You▪️.
▪️ Contact Us Via DM To Join Our Team Of Traders▪️.
💎💎💎💎💎 T H E • C R Y P T O • G E M 💎💎💎💎💎.
Ethereum’s recent bullish trend has overtaken the bear trend in a golden cross which is usually seen as a highly bullish indicator.
The 50 day moving average has overtaken the 200 day moving average on Coinbase and other major exchanges for the first time since March 2017 if we discount a brief bleep in May last year after the death cross.
The death cross is when the 200 days moving average overtakes 50 days, usually indicating a very bearish outlook.
Thus last May can perhaps be discounted because here there has only been a golden cross after more than a year since the bear market begun.
The long term bear trend has now given way to bulls as sentiment changes in ethereum and in cryptos generally.
That’s a month after bitcoin had its golden cross back in April at the price of circa $5,300.
Bitcoin jumped a bit on that golden cross, then dipped, then went off to rise to now circa $8,000.
While eth for now seems a bit stuck at $250 as it faces resistance at $300 at the same time as bitcoin is trying to overtake $8,700.
Are you bullish or bearish on the near future of Ethereum (ETH)? Follow @share_crypto
#traderlife #cash #investments #economy #litecoin #bitcoininvestment #bitcoinvalue #BITCOINMININGCONTRACT