{"id":561437,"date":"2020-05-16T18:29:34","date_gmt":"2020-05-16T16:29:34","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=561437"},"modified":"2020-05-27T01:56:07","modified_gmt":"2020-05-26T23:56:07","slug":"a-golden-cross-on-the-daily-chart-could-push-ethereum-eth-above-228","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/a-golden-cross-on-the-daily-chart-could-push-ethereum-eth-above-228\/","title":{"rendered":"A Golden Cross on the Daily Chart Could Push Ethereum (ETH) Above $228"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The weekend is once again upon us and the general crypto trade volume has once again declined. This is a pattern that many savvy crypto traders have come to accept as fact when analyzing their favorite charts for weekend trading. In the case of Ethereum (ETH), the trade volume has decreased a bit but there is a sense of optimism ahead as shall be elaborated below.<\/p>\n When we look at the 1-Day ETH\/USDT chart courtesy of Tradingview.com, we realize that a Golden Cross has formed. This happens when the 50-day (white) Moving Average crosses the 200-day (green) Moving Average from the downside. The screenshot below gives a better visual cue of the situation on the ETH\/USDT chart.<\/p>\n\n
Golden Cross on the Daily ETH\/USDT<\/h2>\n