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dogecoin: 58 days after Death Cross

BINANCE:DOGEUSDT   Dogecoin / TetherUS
Death cross is a graphical pattern in technical analysis that shows the potential for high sales and lower prices.The death cross appears in an asset or index chart when the short-term moving average, the long-term moving average breaks it and goes lower.It has been 58 days now that the 50-day EMA has broken the 200-day EMA downwards, and currently the slope of both moving averages is descending.In the path of price increase, both moving averages will act as strong resistances. To start a bull market, the 50-day moving average must first be bullish, and when the 50-day moving average crosses the 200-day EMA, a golden cross will occur and the price will accelerate faster.
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