Market Notes | $DOS | Daily chart above MA50 | MA50 0.2163
First, a definition: The commonly used terms golden cross and death cross generally refer to the crossover of the daily MA50 and MA200. When the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These terms describe a crossover between two moving averages, not the price crossing a moving average.
Next, how to read them: The relative positions of short- and long-term moving averages are also often used to gauge the broader trend. A short-term moving average above a long-term one is generally bullish; below it, the outlook is weaker. However, both describe price movements that have already occurred.
Extreme readings usually mean greater volatility. In such conditions, it’s better to reduce leverage rather than make a big bet.
#DOS
First, a definition: The commonly used terms golden cross and death cross generally refer to the crossover of the daily MA50 and MA200. When the MA50 crosses above the MA200, it’s called a golden cross; when it crosses below, it’s called a death cross. These terms describe a crossover between two moving averages, not the price crossing a moving average.
Next, how to read them: The relative positions of short- and long-term moving averages are also often used to gauge the broader trend. A short-term moving average above a long-term one is generally bullish; below it, the outlook is weaker. However, both describe price movements that have already occurred.
Extreme readings usually mean greater volatility. In such conditions, it’s better to reduce leverage rather than make a big bet.
#DOS