100MA and 200MA on the 1H Timeframe could form a golden cross in the near future. Earlier the price formed a gap on the 1H Timeframe. Now the range of price movement extends during the trading in the liquidity zone. I expect fixing above the resistance level before further growth.
Be careful... price action just printed a death cross on the 2-day
woutergelaude2
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@without_worries, ok good info, but last 20 years there is no significant relation between death cross and price moving down. in fact if you look up it happened more that price just rises after a death cross. so why your concern?
Greetings
wouter gelaude
without_worries
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@woutergelaude2, As a general rule, regardless of asset class.. holding an asset below the 50-day SMA on the 2-day chart does not lead to higher prices, hence the concern. Look left.