Back on July 15th 2022 bond had a confirmed Golden Cross when the 20SMA crossed over the 50SMA. The result was a 675% increase in price. We are now within a few days of a possible 50SMA crossing the 200SMA. Could we see similar result
Price action has been coiling for nearly a week. Daily Stochastic RSI has spend a significant amount of time in the oversold area. MACD histogram has been heading north for 3 days.
Golden and Death crosses are lagging indicators and should be used with other indicators to make successful trades.
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