XRPUSD Golden Cross on 1D. How did this trade in the past?

XRPUSD has an uncanny ability to offer high accuracy trading signals on well recognized technical patterns. Such was the buy signal on the 0.618 Fibonacci Lower High sequence I identified on May 10th:


So what signal does it offer now? XRP made a Golden Cross recently on 1D. Technically this is considered to be a bullish sign and the start of an upcoming uptrend.

In the past however this has worked only once for Ripple and that was in March 2017 with a parabolic rise that signaled the start of the new bull market. In the other two occurances, the Golden cross failed to initiate a new bull run as the 1D MA50 was broken and infact a Death Cross took place later on.

So it becomes obvious that the current Golden Cross is a buy signal unless the 1D MA50 is crossed. If successful it can potentially aim at $3.50 before the next consolidation.