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What are some common indicators used in conjunction with the golden cross for cryptocurrency analysis?

avatarSarahFeb 17, 2022 · 3 years ago1 answers

In cryptocurrency analysis, what are some commonly used indicators that are used together with the golden cross?

What are some common indicators used in conjunction with the golden cross for cryptocurrency analysis?
Cryptocurrency
Analysis
Golden Cross

1 answers

  • avatarFeb 17, 2022 · 3 years ago
    When it comes to cryptocurrency analysis, one indicator that is commonly used in conjunction with the golden cross is the Fibonacci retracement. The Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. Traders often look for the golden cross to occur near a Fibonacci retracement level to confirm the strength of the trend. By combining these two indicators, traders can have a better understanding of potential price levels and make more accurate predictions in their cryptocurrency analysis.

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