Golden Cross
By Cryptomcmillan1 | Updated on May 24, 2020
It is a bullish signal in technical candlestick pattern by comparing two lines of short-term moving average and long-term average. It is a golden cross when the short term moving average broke its long-term moving average because it means the short-term momentum is above its long-term momentum. There are three stages to a golden cross, where the first stage is when the downtrend has bottomed out. The second stage is when short-term moving average moves from below to above the long-term moving average. The last one is a sustained uptrend to higher prices. The opposite movement of golden cross is called death cross.
Related Terms
Second-Layer Solutions
Secondary network or framework built atop an existing blockchain to address transaction speed and scalability issues.
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Double Spending
Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.
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