Are there any specific trading patterns to watch out for on volatile trading days in the world of digital currencies?

1 answers

• Fernando DelgadoMay 03, 2022 · 3 years ago
  When it comes to volatile trading days in the world of digital currencies, it's important to be aware of specific trading patterns that can help inform trading decisions. One pattern to watch out for is the 'golden cross', which occurs when a short-term moving average crosses above a long-term moving average. This can indicate a bullish trend and signal a potential buying opportunity. Conversely, the 'death cross' is when a short-term moving average crosses below a long-term moving average, signaling a bearish trend and a potential selling opportunity. Traders should also pay attention to support and resistance levels, which are price levels where the cryptocurrency has historically had difficulty breaking through. These levels can act as indicators of potential price reversals or continuations.
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