BTC Had a Golden Crossover!
Crypto (and stock) markets are showing some signs of bullish trend reversal. We predicted this a week ago (read).
One way to spot trend reversal is to check for recent changes in Trend Rating.
Our platform automatically scores the trend direction for over 3,000 assets across three time horizons: Short-Term, Medium-Term, and Long-Term.
As you can see, many coins have experienced an upgrade in their Short-Term trend to Up or Strong Up, but remain in a Downtrend on a Medium- and Long-term basis.
Some, like TRX, HYPE and XMR are in an Uptrend across the board. (click here to scan for all coins like that).
One of the easiest ways to find potential reversals is to check which assets have recently had a Short-Term trend upgrade to “Up” or “Strong Up.”
We explained one approach in this recent blog.
But another sign that a trend is reversing from Downtrend to Uptrend is when price crosses above its 200-day Moving Average (200 SMA).
That’s called a Golden Crossover.
200 SMA is a super critical level. It acts either as support or resistance. Traders pay attention to this level, so when it’s breached, it’s typically very meaningful.
When price crosses above 200 SMA, it typically continues its trajectory higher over the coming weeks.
Coins With Recent Golden Crossover – (Price Above 200 SMA)
Bitcoin $BTC and Maker $MKR with Golden Crossovers
altFINS Screener offers a quick way to find such trade opportunities.
Here’s a custom market scan that finds coins with a recent 200 SMA crossover.
Follow the link, then click on Edit Filter and save it.
You can also create an Alert for this filter and receive notifications in your email and mobile app. See how.
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