Another meaningful cross
If this price doesn't fall...
Well, we have the opportunity to see for the first time after october 2015 this cross.
For those who don't know what the triple EMA indicator help us with, I will try to explain in short:
There are 3 exponential moving averages lines. A short period average (red- 21 days), a medium period average (yellow - 55 days) and a long period average (purple - 200 days).
When they are alined in this order: short on top, medium in the middle and long on the bottom, it indicates a bullish trend .
When they are alined the other way around, so: long on the top, medium in the middle and short on the bottom, it indicates a bearish trend .
The short (red) and the medium (yellow) averages crossed at the end of feb 2019. This showed a possible reversal of the trend.
Then in the first half of april 2019, the short average crossed the long average.
To be sure, we had to wait another confermation which is possibly happening in this moment (the medium surpassing the long).
If it happens and holds, we have a pretty strong confrmation of the new bull trend.
Well, we have the opportunity to see for the first time after october 2015 this cross.
For those who don't know what the triple EMA indicator help us with, I will try to explain in short:
There are 3 exponential moving averages lines. A short period average (red- 21 days), a medium period average (yellow - 55 days) and a long period average (purple - 200 days).
When they are alined in this order: short on top, medium in the middle and long on the bottom, it indicates a bullish trend .
When they are alined the other way around, so: long on the top, medium in the middle and short on the bottom, it indicates a bearish trend .
The short (red) and the medium (yellow) averages crossed at the end of feb 2019. This showed a possible reversal of the trend.
Then in the first half of april 2019, the short average crossed the long average.
To be sure, we had to wait another confermation which is possibly happening in this moment (the medium surpassing the long).
If it happens and holds, we have a pretty strong confrmation of the new bull trend.
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