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Bullish
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$BNB
dont short now, it is a trap. Market is ready for bull run.
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BNB
640.19
-1.95%
305
0
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$BNB $BTC $ETH The Golden and Death cross The Golden Cross and Death Cross are popular technical analysis patterns used to identify potential trend reversals in trading. Golden Cross (Bullish Signal) A Golden Cross occurs when a short-term moving average (typically the 50-day MA) crosses above a long-term moving average (typically the 200-day MA). This indicates a potential shift from a downtrend to an uptrend and is considered a bullish signal. Example: If the 50-day MA moves above the 200-day MA, traders may see it as a buying opportunity. Death Cross (Bearish Signal) A Death Cross occurs when a short-term moving average (typically the 50-day MA) crosses below a long-term moving average (typically the 200-day MA). This suggests a potential shift from an uptrend to a downtrend and is considered a bearish signal. Example: If the 50-day MA moves below the 200-day MA, traders may interpret it as a signal to sell or short the asset. Key Insights: The Golden Cross suggests strong buying momentum and the start of a new uptrend. The Death Cross signals increased selling pressure and a possible market downturn. These patterns are more reliable on higher timeframes (e.g., daily or weekly charts) than lower timeframes.
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$BNB 612 is very key level for this hour. If price close above 612 in this hour candle, may be it will cross 620 to 640 level. Take buy if it close above 612 in this hour candle. Stop loss as per your risk apitite.
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