by using some unconventional exponential moving averages here we can see an apparent trend forming.
When the faster EMAs get below the slower ones, its usually an accumulation period.
The real point of interest are the slower EMAs more specifically the death crosses.
the first time the fast emas were below the slow ones was in 2011, then again in 2015.
2019 and 2022 seem to be shaping up very similarly. the slow ema death cross is a lagging indicator and has usually in the past from these charts shown a bottom in price. this doesn't mean a new lower low can't happen. will it continue or deviate? share your ideas
although It might take until the end of this year to complete, it would seem an accumulation/ demand zone is being formed.
not financial advice.
When the faster EMAs get below the slower ones, its usually an accumulation period.
The real point of interest are the slower EMAs more specifically the death crosses.
the first time the fast emas were below the slow ones was in 2011, then again in 2015.
2019 and 2022 seem to be shaping up very similarly. the slow ema death cross is a lagging indicator and has usually in the past from these charts shown a bottom in price. this doesn't mean a new lower low can't happen. will it continue or deviate? share your ideas
although It might take until the end of this year to complete, it would seem an accumulation/ demand zone is being formed.
not financial advice.